T.S. Sivagnanam, J.

1. This appeal by the assessee is directed against the order passed by the Income Tax Appellate Tribunal, Chennai "D" Bench dated 30.09.2013 in ITA No.1289/Mds/13 for the assessment year 2009-2010.

2. The assessee is a person carrying on business in the purchase and sale of Telugu films. The assessee filed return of income for the assessment year 2009-2010 on 29.09.2009 admitting a total income of Rs.33,10,829/-. The case was selected for scrutiny and a notice under Section 143(2)of the Income Tax Act, 1961 [The Act] was issued on 24.08.2010. The assessment proceedings were completed under Section 143(3) of the Act and the order of assessment dated 29.12.2011 was passed. The Assessing Officer made various additions, viz., (a) an addition of Rs.52,884/- as disallowance under Section 69C of the Act; (b) an addition of Rs.4,00,000/- on the advance received, which was treated as income; (c) disallowance of Rs.8,268/- under Section 14A r/w Rule 8D of the Income Tax Rules, 1962; (d) disallowance of Rs.7,16,15,000/- for non-deduction of TDS under Section194J of the Act and (e) an addition of Rs.40,07,949/- on the basis of a disallowance of loan credit. Accordingl