In the result, appeal of the assessee is dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.53/Ctk/2018 (नििाारण वषा / Assessment Year : 2012 - 2013) Mr. Rajendra Kumar Sahoo, Vs. Acit, Circle-1(1), Cuttack Prop. Of New Kanak Jewellery & Kanak Transport, At/Po: New Market, Keonjhar-758001 स्थायी ऱेखा सं./Pan No. : Arkps 2114 G (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By Shri B.R.Panda/Satyajit Nanda, Advs. : राजस्व की ओर से /Revenue By : Shri Subhendu Dutta, Dr सुनवाई की तारीख / Date Of Hearing : 22/01/2020 घोषणा की तारीख/Date Of Pronouncement : 16/03/2020 आदेश / O R D E R Per L.P.Sahu, Am : This Is An Appeal Filed By The Assessee Against Order Of Cit(A), Cuttack, Dated 18.10.2017 For The Assessment Year 2012-2013. 2. As Per The Office Note/Order Sheet Entry, The Appeal Of The Assessee Is Barred By 48 Days. In This Regard, The Ld. Ar Of The Assessee Has Filed An Application For Condonation Of Delay Along With An Affidavit. Considering The Application Along With The Affidavit Of The Assessee For Condonation Of Delay, To Which Ld. Dr Did Not Object To The Same, We Condone The Delay In Filing The Appeal & The Appeal Is Heard Finally.

transferred to other AO. On perusal of the profit and loss account and ledger furnished by the assessee, it was noticed by the AO that the assessee has purchased ornaments from various dealers, among these dealers he has made purchase from M/s Lily Alankar, Cuttack and M/s Maa Santhosi Jewellers, Cuttack. On verification of ledger of purchases made from these