2014 (11) TMI 939

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....JP SHAH, ADVOCATE FOR THE APPELLANT MRS MAUNA M BHATT, ADVOCATE FOR THE RESPONDENT   ORAL JUDGMENT (PER : HONOURABLE MR.JUSTICE KS JHAVERI) 1. Being aggrieved and dissatisfied with the impugned judgment and orders passed by the Income Tax Appellate Tribunal, Rajkot Bench (hereinafter referred to as 'the Tribunal') dated 12.09.2000 in ITA Nos. 856/Ahd/1193, 857/Ahd/1193, 858/Ahd/11....

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....ellant had an unaccounted business income for the assessment year in question" 2. On the other hand, the assessee by way of filing Tax Appeals No. 833 to 836 of 2005 has sought to challenge the orders dated 29.10.2004 passed by the Income Tax Appellate Tribunal, Rajkot Bench, Rajkot in ITA Nos. 813/RJT/2003 for A.Y. 1985-86, 814/RJT/2003 for A.Y. 1986-87, 815/RJT/2003 for A.Y. 1987-88 and 816/R....

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....eously confirmed the additions without considering the various stages where melting had taken place. The Appellate Authority as well as the Tribunal confirmed the findings of the Assessment Officer and therefore being aggrieved by the same, the assessee has filed the present appeals. 4. Learned advocate appearing for the assessee submitted that the books of accounts maintained by the assessee h....

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..... Mr. Bhatt, learned Senior Counsel appearing for the revenue submitted that the detraction of disclosure made by the assessee was an afterthought. He has supported the impugned decision imposing penalty upon the assessee. He supported the decisions impugned in the present appeals and submitted that the same do not call for any interference by this Court. 6. Heard both the parties and gone thro....