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TMI Blog2017 (4) TMI 357X X X X Extracts X X X X X X X X Extracts X X X X ..... ders of lower authorities and materials available on record. The Assessing Officer on examination of bank account maintained by the assessee jointly one with her minor daughter and another with her husband, found that contract receipts of Rs. 32,10,061/- had not been disclosed in the accounts. Therefore, he estimated the profit/income therefrom at 8% and added Rs. 2,56,805/- to the income of the assessee. 5. Before the CIT(A), no evidence or materials were produced to take a different stand. Therefore, he confirmed the action of the Assessing Officer. 6. Before me, ld Authorised Representative of the assessee has not filed any positive material to controvert the findings of the CIT(A). Hence, I do not find any good and justifiable reason ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cer have not been explained separately by the assessee by bringing any materials and, therefore, the contention of the assessee cannot be accepted. 11. Before me, ld Authorised Representative of the assessee reiterated the submissions made before the lower authorities. 12. I find that the Assessing Officer has found that the assessee has paid license fees of Rs. 1,86,340/- for the subsequent financial year 2011-12 and, therefore, this was a prepaid expenditure of the assessee. He also found that the assessee had paid excess license fees of Rs. 47,916/-. Therefore, the Assessing Officer disallowed Rs. 2,34,256/- (Rs.1,86,340 + Rs. 47,916) and added the same to the income of the assessee. 13. When questioned by the Bench as to what is the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ailable on record. On verification of details of TDS transactions from 26AS forms, the Assessing Officer found that contract receipts of Rs. 2,07,105/- remained to be credited to the bank account of the assessee as at the end of the year, which has not been shown as an asset in the balance sheet. Therefore, he made addition of Rs. 2,07,150/- to the income of the assessee. 18. Before the CIT(A), the assessee could not offer any explanation or furnish any evidence to the contrary and, therefore, the CIT(A) confirmed the order of the Assessing Officer. 19. Before me, ld Authorised Representative of the assessee could not point out any error in the order of the CIT(A) or produce any positive material to controvert the findings of lower author ..... X X X X Extracts X X X X X X X X Extracts X X X X
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