Mahavir Ashok Enterprises (P) Ltd., ... vs D.C.I.T. Central Cricle, Raipur on 29 August, 2022
7. In reply, the assessee assailed the very basis relying on
which the A.O had inferred its undisclosed sales and the
unaccounted income arising therefrom a/w. the addition towards
initial unaccounted investment. It was the claim of the assessee
that as the alleged torn pieces of computer printout that was
claimed by the department to have been retrieved from a dustbin
lying in its shop at Sadar Bazar, Raipur did not find place in the
list of seized loose papers/documents that were inventorised
during the course of search proceedings, therefore, it had not
been able to obtain a photocopy of the same. Once again, the
assessee requested for a copy of the seized document, if any,
which was being relied upon by the department for inferring
undisclosed sales etc. It was further the claim of the assessee
that if there was no evidence of seizure of alleged torn papers from
its premises, then,there was no justifiable basis for drawing of
adverse inferences in its hands. Alternatively, it was submitted
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DCIT, Central Circle Vs. Mahavir Ashok Enterprises Pvt. Ltd.