2010 (10) TMI 782

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....arsh Kumar Goel, J:-   This appeal has been preferred by the asses-see under section 260A of the Income-tax Act, 1961 (for short, "the Act") against the order dated April 29, 2009 of the Income-tax Appellate Tribunal, Chandigarh in I. T. A. No. 1113/Chd/2008 for the assessment year 2005-06 proposing to raise the following substantial questions of law:-   "1. Whether on the facts an....

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....dition with the following observations:-  "As already mentioned, the Assessing Officer has also made addition of Rs. 52,58,618 by applying rate of 14.25 per cent. to the estimated unaccounted sales of Rs. 3,66,70,962. Here again the facts that the appellant carried out unaccounted sales of knitted fabric is confirmed by the Central Excise Department. Therefore, the appellant carrying out s....

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....es reflected in the balance-sheet with the Registrar of Companies. Once the income of the appellant had been held to be assessable at Rs. 1,92,822,200 as against that of Rs. 9,984 shown in the return of income, the addition of Rs. 53,58,618 with all fairness should be taken to have been covered in the above addition. As such, there is no need to make separate addition of Rs. 52,58,618 and this add....