2011 (11) TMI 150

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.... VEENA BIRBAL, J 1. This appeal is directed against the Tribunal's order dated 19th May, 2006 for the block assessment period 1.4.1988 to 14.10.1998. The main issue raised is in respect of the deletion by the CIT(A) and the Tribunal of the addition of about Rs. 51.52 lacs made by the Assessing Officer with respect to Capital Assets debited to store consumption. It is also an issue as to whet....

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....ertained the undisclosed income of the assessee during the relevant block period and computed tax on it vide order dated 31st October, 2000. The assessee preferred an appeal before the Commissioner of Income Tax (Appeals)-XIV, New Delhi (hereinafter referred to as CIT(A)) against the said order of the Assessing Officer. The order of the Assessing Officer was challenged on various grounds. The CIT(....

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....e., para 2 (a) to (i) of the appeal have been proposed in the present appeal. 5. We have gone through the questions stated therein. We are of the view that questions 2(c) onwards stated in the appeal are clearly not questions of law at all. During arguments, the learned counsel for the appellant pressed for questions 2(a) & 2(b) and contended that same are substantial questions of law. The same....

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....ount for the year ended 31.3.98. Therefore, the return for the AY 1998-99 has been filed in November, 1998. But, it is not in dispute that the entries were made contemporaneously when the expenditure was incurred between September, 1997 and December 1997. Therefore, though the search was in September, 1998, it cannot be denied that the entries had been made in the books of accounts by that time. T....