2010 (10) TMI 47

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.... the assessment year 1983-84.   The assessee was carrying on the business of in raw hides and skins in commission agency. It appears that certain deposits were found in the books of account of the assessee in the name of various persons, who had supplied hides and skins, and to whom the commission was payable. During the course of the assessment proceeding, the Assessing Authority had aske....

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....71(1)(c) of the Act has been levied by the Assessing Authority. The assessee filed an appeal before the Commissioner of Income Tax (Appeal) which has been allowed and the penalty has been cancelled. Against the said order, revenue filed an appeal before the Tribunal. The Tribunal by the impugned order dated 21.12.2000 dismissed the appeal.   The Tribunal has held that the assessee firm was....

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.... Bansal, counsel appearing on behalf of the respondent. Learned counsel for the assessee submitted that against the order of the Tribunal deleting the addition towards cash credit in part, the Revenue filed Income Tax Appeal No. 89/159 of 1999 which has been dismissed by this Court on 30.10.2007. He further submitted that the finding of the Tribunal is finding of fact and no interference is called....