M/S BHOLA FOOD PRODUCTS(P) LTD.,ALLAHABAD vs. JT. CIT,(OSD),, ALLAHABAD

In the result, both the appeals filed by assessee for ay: 2005-06 and 2009-10

Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar

Section 37(1) of the 1961 Act. The assessee is directed to submit all AY-2005-06 & 2009-10 relevant details/documents before the AO during the course of denovo assessment proceedings before the AO for determination of this issue. Needless to say that the AO shall provide proper and adequate opportunity of being heard to the assessee in accordance with

KESARWANI & C0,,ALLAHABAD vs. JT CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

79,66,146/-. In order to explain the difference, the assessee submitted a chart before the ld. AO which showed the sales figure as under:- Credit sales Rs.32,99,57,561.14 Cash Memo sales Rs.62,68,466.59 Total Sales (Excluding VAT) Rs.33,62,26,027.73 VAT @ 12.50% on sales Rs.4,20,28,256.04 Total Sales (including VAT) Rs.37

KESARWANI & C0.,ALLAHABAD vs. JT.CIT., ALLAHABAD

In the result the appeal of the assessee is partly allowed

79,66,146/-. In order to explain the difference, the assessee submitted a chart before the ld. AO which showed the sales figure as under:- Credit sales Rs.32,99,57,561.14 Cash Memo sales Rs.62,68,466.59 Total Sales (Excluding VAT) Rs.33,62,26,027.73 VAT @ 12.50% on sales Rs.4,20,28,256.04 Total Sales (including VAT) Rs.37

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

79,66,146/-. In order to explain the difference, the assessee submitted a chart before the ld. AO which showed the sales figure as under:- Credit sales Rs.32,99,57,561.14 Cash Memo sales Rs.62,68,466.59 Total Sales (Excluding VAT) Rs.33,62,26,027.73 VAT @ 12.50% on sales Rs.4,20,28,256.04 Total Sales (including VAT) Rs.37