2010 (12) TMI 790

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....K. Joshi, Advocate for the respondent.   ADARSH KUMAR GOEL, J ( Oral) .   This appeal has been preferred under Section 260A of Income Tax Act, 1961 (hereinafter referred to as 'the Act") proposing following substantial question of law arising out of order dated 17.2.2004 of the Income Tax Appellate Tribunal, Chandigarh Bench (hereinafter referred to as "the Tribunal") passed i....

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....ent the assessing officer made additions to the declared income holding that the assessee had under-billed transactions and its books of account were not reliable. The addition represented difference in declared sale price and the actual sale price.   The CIT(A) set aside the additions but the Tribunal restored the same. Dispute surviving in this appeal relates to addition of Rs.1,49,557/-....

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....es of Sunil Traders, Rajpura, S.K.Traders and Shakti Traders. We have already upheld the order of ld. CIT(A) in applying a rate of Rs.330. Therefore, we do not find any justification of applying a lower rate than wheat was applied in the case of Sachdeva Traders. Respectfully following our order dated 6.4.03 in the case of ITO V. Sachdeva Traders for assessment year 1995-96, we are of the opinion ....