2011 (9) TMI 82

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....p; H EMANT GUPTA, J.   The assessee is in appeal under Section 260A of the Income Tax Act, 1961 (for short 'the Act') arising out of an order passed by the Income Tax Appellate Tribunal, Chandigarh Bench, Chandigarh (for short 'the Tribunal') dated 29.04.2009. The assessee has claimed the following substantial questions of law:   (i) Whether on the facts and in law, the learned ....

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....1,07,100/- as addition on account of working capital required for attaining sale of Rs.1,11,99,427/-. Such order of the Assessing Officer was modified in appeal. The learned Commissioner of Income Tax confirmed the addition on account of extrapolated sale on the basis of sale outside the books of accounts for the period 11.10.2004 to 25.02.2005. The Commissioner also confirmed the addition of Rs.7....

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....tion of Rs.20 lacs on account of unexplained investment made towards the working capital as against Rs.71,07,100/- added by the Assessing Officer and upheld by the Commissioner of Income Tax.   The Revenue preferred an appeal bearing ITA No.670 of 2009 before this Court in respect of issues decided by the Income Tax Appellate Tribunal against the Revenue. Such appeal was dismissed by this ....

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....jan did not explain this fact during the assessment proceedings rather left the office without signing the order-sheet entries. Such question of fact does not raise any substantial question of law for consideration of this Court.   The Assessing Officer has made addition of Rs. 71,07,100/- on account of working capital required for attaining sale of Rs.1,11,99,427/- by taking into consider....