2009 (11) TMI 256

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....respondent JUDGMENT The judgment of the court was delivered by 1. C. N. RAMACHANDRAN NAIR J.- Heard counsel for the appellant and standing counsel for the respondent. We do not find any of the questions raised is a question of law, much less any substantial question of law. Assessments involved are for the assessment years 1994-95 to 1997-98. Even though assessee is an automobile dealer a....

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.... the rate of Rs.2 lakhs each for every year and estimated the income at 8 per cent. of the turnover. The Com missioner of Income-tax (Appeals) was very considerate because he reduced the addition from Rs.2 lakhs every year to Rs.1 lakh for every year. On further appeal, the Tribunal still showed leniency and fixed the turnover at Rs.15 lakhs for all the years which is less by Rs.1 lakh from the tu....