2014 (5) TMI 587

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....or the Respondents : Mr. R. Bharadwaj, Adv. ORDER The Court : Delay in preferring the appeal is condoned. The application for condonation of delay is thus disposed of. The appeal is directed against a judgment and order dated 5th April, 2013 by which the learned Tribunal agreeing with the CIT (Appeal) dismissed the appeal preferred by the Revenue. Aggrieved by the order of the learned Tri....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....gment assessment. The CIT (Appeal) reversed the order of the Assessing Officer on the ground that : "a) The appellant has further stated that the A.O.'s calculation of shortage of tin cans has ignored the fact that payment has been made at least one day after receipt of tins after due checking. In other words, if this is taken into account there would be no shortage; and b) Furthermore, whil....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he books of account are believed, but any particular entry in that account is not believed. She contended that in the present case, the Assessing Officer had evidently made the best judgment assessment after rejecting the books of accounts of the assessee. There was, as such, no question of making any disallowance. Mr. Bharadwaj, learned Advocate appearing for the Respondent submitted that the ....