TMI Blog2015 (7) TMI 1056X X X X Extracts X X X X X X X X Extracts X X X X ..... on of appeal. Copy of FIR is also filed before CIT (A). We feel that under these facts, the assessee was not in a position to bring necessary evidence on record in support of its contentions against the additions made by the A.O. and also against the enhancement proposed by CIT (A). Hence, we feel that under these peculiar facts, it is fit and proper to uphold the additions made by the A.O. but to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on account of Bank Interest and Charges, ₹ 134,703/- on account of Interest on FDR and ₹ 10,047/- on account of Figures of credit in P/L Account. The second grievance is about enhancement made by CIT (A) of ₹ 35 Lacs. 3. Learned AR of the assessee submitted that the A.O. has applied Net Profit rate of 8.5% of turnover and estimated business income at ₹ 2,99,873/- after a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee were lost in course of appellate proceedings, the assessee is not in a position to bring any evidence on record in support of its contentions and hence the assessee did not press the appeal before CIT (A). He further submitted that in view of these facts, the additions made by the A.O. may be upheld but the enhancement made by CIT (A) should be deleted. Learned DR of the revenue supp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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