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Afsarali G. Mujawar Versus ITO, Ward 2 (2) , Belgaum

2015 (10) TMI 1433 - ITAT PANAJI

Addition of sundry creditors - Record of Rights had not been produced - Held that:- As the Assessee has produced fresh evidences before us in the form of Record of Rights of some of the creditors who have been disbelieved and whose credits have been added in the hands of the Assessee, as also taking into consideration the confirmation given by the ld. AR that he would be able to produce these evidences before the AO, this issue is restored to the file of the AO for re-adjudication after granting .....

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ture would come to about ₹ 75,100/- which is rounded off to ₹ 75,000/-. Consequently, the AO is directed to restrict the disallowance to ₹ 75,000/-. - Decided in favour of assessee in part. - ITA No. 193/PNJ/2014 - Dated:- 10-6-2015 - George Mathan, JM And N. K. Billaiya, AM, JJ. For the Petitioner : Sanjeev G Adyapak, CA For the Respondent : M R Bangari, Ld. DR ORDER Per George Mathan 1. This is an appeal filed by the Assessee against the order of ld. CIT(A), Belgaum in ITA No .....

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ent and doing transportation work. It was the submission that the Assessee used to do commission business in the sale of agricultural produce. During the relevant assessment year in the course of the assessment it was noticed that the Assessee had substantial number of creditors. The Assessee was directed to substantiate the sundry creditors who were claimed to be farmers. The Assessee had given names and addresses of the sundry creditors as also the agents who were dealing with the farmers. Man .....

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the ld. AR that the Assessee may be granted one more opportunity to produce further details before the AO. The ld. AR drew our attention to various pages filed in the paper book containing 68 pages to show that he had substantial evidences in the form of Record of Rights of many of the other creditors also. It was the submission that the Assessee may be granted another opportunity to produce such evidences before the AO. 3. To the said submission, the ld. DR did not raise any serious objections. .....

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substantiate its claim. In the result, ground nos. 1 & 2 of the Assessee s appeal stands partly allowed for statistical purposes. 5. In respect of ground no. 3, it was submitted by the ld. AR that the issue was against the action of ld. CIT(A) in only reducing the disallowance made by the AO of ₹ 1,87,869/- to ₹ 1,50,250/- under the head Vehicle expenditure . It was the submission that in the course of the assessment, on the ground of possible personal usage and on the ground tha .....

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