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debited in P&L A/c is Rs. 2,50,48,679/- and AO had not made any effort to actually find out the expenses related to the business centre and summarily accepted the claim of assessee and thus the order of AO is erroneous and prejudicial to the interest of Revenue. In the order of CIT further concluded that assessee has shown loan to M/s Parle Agro Pvt. Ltd. at Rs. 233199294/- against the opening balance of Rs. 121587500/- and there is an increase of Rs. 111611794/- similarly loan to M/s Parle Sales Services Ltd. has been shown to the extent of Rs. 75,17,000/-, and the AO has not examined the shareholding pattern of these two companies from the angle of deemed dividend to the assessee-company, therefore, the order is erroneous and prejudicial to the interest of Revenue ,and finally the AO accepted STCG shown by assessee at Rs. 36,33,874/- without making any proper enquiry and application of mind and the income was assessable under the head "Business Income" and thus the order is erroneous and prejudicial to the interest of Revenue. The show-cause notice dated 23.10.2009, with the reasons of re-opening/revising the assessment was served upon the assessee.