This appeal by Assessee has been directedagainst the Order of the Ld. CIT(A)-28, New Delhi, Dated
26.12.2018, for the A.Y. 2012-2013.

2. We have heard the Learned Representatives ofboth the parties and perused the material on record.


3. On Ground No.1, assessee challenged theaddition of Rs.10 lakhs under section 69C of the I.T. Act,1961, on account of unaccounted business expenses notdebited in P & L Account.

3.1. The assessee is an individual and filed return ofincome declaring income of Rs.25,71,810/-. The assesseehas business income and income from other sources. Theassessee is proprietor of M/s. Rhea Distribution Co which isengaged in the business of trading of Fabric. From theperusal of P & L A/c of said concern it is seen that assessee achieved sales of Rs.9,37,98,738/- against which purchases
have been made at Rs.9,37,50,576/-. The fixed assets schedule of the assessee shows value of the fixed assets at
Rs.1.41 crores as on 31-03-2012 which includes plant and machinery added during the year at Rs.12,94,658/-. The fixed assets include furniture & Fixtures, computer, vehicles, Copier machine, Plant & Machinery and Air Conditioners etc. But the assessee in P & L a/c of M/s. Rhea Distribution Co. has claimed expenses of Rs. 22,472/- on audit fee only and no other expense have been claimed in

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