TMI Blog2020 (10) TMI 876X X X X Extracts X X X X X X X X Extracts X X X X ..... account of all the parties; (iii) purchase invoices from these parties and (iv) sale invoices as issued by the assessee against the purchases made. AO could have made further verifications /enquiries. Without making any verification /enquiry, the AO has made the full addition. In such a situation like the above one, the Ld.CIT(A) has rightly relied on the judgment of the Hon ble Gujarat High Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /2020, neither the assessee nor his Authorized Representative (AR) appeared before the Tribunal on the above date. As there is non-compliance by the assessee, we are proceeding to dispose-off this appeal after examining the materials available on record and after hearing the Ld. Departmental Representative (DR). 2. Briefly stated the facts of the case are that the assessee filed his return of i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is of the above information, the AO reopened the assessment by issuing notice u/s.148 of the Act. During the course of reassessment proceedings, in response to the notice u/s.143(2) 142(1), the assessee filed before the AO copies of (i) bank statements for the financial year 2010-11, evidencing the payments made to these parties; (ii) ledger account of all the parties; (iii) purchase invoices fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e profit @12.5% on the disputed purchases of ₹ 5,37,112/-. 4. Before us, the Ld. DR submits that as the assessee failed to file before the AO stock register, delivery challans, lorry receipts, octroi payment, quantity tally, there was no sufficient compliance during the course of assessment proceedings. Therefore, it is stated by him that the full addition of ₹ 5,37,112/- made by th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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