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Al l t he ca p ti oned a p pe a ls of the Re ve n ue a n d the C r oss ob j e ct ion o f the a s se s se e re la ti n g to the s a me a sse sse e a nd a r e a g a in st the se p a r a te or de r s p a s se d b y t he C om mis si on e r of I n co me Ta x (A p p e a ls )- 5, Lu d hi a na [ (i n sh or t ' C I T( A) ]' u/s 2 5 0( 6 ) CO Nos.13,14, &24/chd/2017 A.Ys.2010-11 to 2012-13 of th e I nc ome Ta x Act , 1 9 6 1 (h e re in a fte r re fe r red t o a s 'Act ') d a te d 7 .1 0 .2 0 1 6, 7 .1 0 .2 0 1 6 a n d 3 0 .1 1 .2 0 1 6 , a nd r e l a ti ng to a ss e s sme n t ye a r s 2 0 10 -1 1 , 2 0 11 -1 2 a nd 2 0 1 2 -1 3 r esp e cti ve ly .

2. We sh a l l fi r st b e ta k in g up th e a p pe a l a nd C r oss O b je c ti on r e l a ti ng to a sse ssme n t ye a r 2 01 0 -1 1 .

ITA N o .1 0 9/C h d /2 01 8 : A .Y 20 1 0 -1 1

3. B ri e f fa c ts r e l a tin g to the ca se a re tha t t he a s ses se e is a P vt. Ltd . co mpa n y e ng a ge d i n the r e t a il a n d w ho le sal e je we lle r y b us in e s s. A se a r ch u /s 132 of th e I . T. A ct , 19 6 1 , was co nd uc te d a t the p re mi se s of the a s se s se e on 14 . 03 . 2 01 2 . Th e r e a f te r i n p ur su a nc e t o no tice is sue d u/s 1 5 3A ( 1 ) o f t he Ac t , th e a s se sse e f i le d the re tur n of i nc ome de cl a r in g i n come of Rs . 2, 8 6 ,3 8 0 /-. Su bs e q ue n tly a ss e ss me n t w a s ma d e u/s 1 4 3( 3) of th e Ac t. The A. O . re je cte d the bo ok s of a ccou nt s p r od u ce d b y th e a s se s see und e r se cti on 14 5 (3) of th e Ac t, a n d ma d e a n a d d it ion of Rs. 6 2 ,5 9 ,5 2 4 /- on a ccou nt of u nde r sta te me n t of gr os s p ro fi t r a te . Th e A. O . a l so ma d e a d d iti on of Rs . 9 5 .2 7 0 /- on a c cou nt of d i sa l l ow a nc e of repair ch a r ge s of je we l le r y, d is a l low e d I /5 th of d e pre ci a ti on cl a ime d on c a r a nd a l so a d de d Rs . 2 , 98 , 0 09 /- o n a cc oun t of u na c cou nte d s a le s, u/s 6 9 of t he Ac t, to th e tota l in come . Th e ma tte r was c a r ri e d in ap pe a l b e f ore the CI T(A ) , wh o p a r tl y a ll ow e d the a s se sse e's a p p e a l .

56. Gr ou nd of a p pe a l N o .5 . r a i se d by the Re ve n ue is a cc or d in gl y di sm i ss e d .

57. I n e f fe ct the a p pe a l of the Re ve n ue i s d is mis se d .

58. We sh a l l now ta k e u p C .O .N o. 24 /C hd /2 01 7 fi l e d b y t he a ss e s see .

59. Gr ou nd N o.1 r a is e d b y the a sse ssee re a d s a s un de r:

"1. That the learned CIT(A)-5, Ludhiana has erred by not deleting the entire amount of addition on account of deemed investment for unaccounted sales and confirm the addition amounting to Rs.4,70,364/- as investment on estimate basis. l/3rd of total unaccounted sales, along with GP amounting to Rs.84,666/- @ 6% on unaccounted sales, which was against the law as well as against the facts of the case."

74. Gr ou nd of a p pe a l n o. 4 r a i se d by the a s se s se e is a cc or d in gl y a ll ow e d .

75. I n e f fe ct the C .O . of the a s se s se e is p a r tl y a l l ow e d .

CO Nos.13,14, &24/chd/2017 A.Ys.2010-11 to 2012-13

76. In the result,

i) A p pe a l of t he Re v e n u e i n I TA N o . 1 0 9 & 2 4 5 / C h d / 2 0 1 7 are dismissed.