2012 (11) TMI 854

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e present appeal has been filed under section 260 A of the Income Tax Act, 1961 (hereinafter referred to as the Act) against the order dated 23.01.2009 passed by the Income Tax Appellate Tribunal, Lucknow. The department has framed the following substantial questions of law said to be arisen out of the order of the Tribunal. "1. Whether on the facts and circumstances of the case, the Hon'ble Tr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nal was justified in law in deleting the addition of Rs. 4,85,691/- in respect of M/s. Vikas Chappal House, Rs. 33,045/- in respect of Bani Footwear, Rs. 47,913/- in respect of Agarwal Shoe Store on account of unexplained credits made by the Assessing Officer and confirmed by the Ld. CIT(A), without appreciating that the assessee failed to explain the above credits in its books of accounts? Bri....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....wed the appeal preferred by the assessee whereas, it has dismissed the appeal preferred by the department. We have heard Sri S. Chopra, learned senior standing counsel appearing for the Revenue and have perused the three orders passed by the authorities including the Tribunal. We find that even though the rejection of the books of account and estimation of turn-over and the profits by the be....