2009 (12) TMI 558

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.... Sri A. Kumar appearing for the respondent.   2. The question raised is whether the Tribunal was justified in confirming the order of the first appellate authority in accepting the income returned by the assessee and books of account produced in support thereof. On the facts, it is seen that the assessee filed the original return declaring income of Rs. 2,40,638. A revised return was filed....

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....d vouchers and some of the expenditure was not covered even by vouchers. Since accounts are found unacceptable for many reasons, the Assessing Officer estimated income under various heads of business. Even though in first appeal, the appellate authority directed acceptance of book figures, the Department filed appeal before the Tribunal which was also dismissed. It is against the Tribunal's order ....