2015 (7) TMI 425

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ere was a raid conducted on his premises on 29th May, 2003; documents were seized; on the strength of the same, after issuing notices to the petitioner and finding no cooperation from him as the petitioner did not care to respond to the notices, best of judgment assessments were completed from the year 1999-2000 onwards. What is in controversy before us is the assessments relating to the assessment years 1999-2000 and 2001-02 in these two revisions. Petitioner, not having succeeded before the First Appellate Authority as also the Tribunal, is before us. The Tribunal, it must be noticed, took note of the lack of response from the petitioner to the notices and blames the petitioner for not availing the opportunities provided and finding no gr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....el for the State would submit that there is no substantial question of law involved and what is involved is factual finding and it must be remembered that the petitioner has accepted the assessment based on the same raid in relation to the other years and no substantial question of law arises. 5. We notice that as far as CTR No. 67 of 2011, which relates to the assessment year 1999-2000 is concerned, year 1999-2000 marks the beginning of his business career and proceeding on the basis that the value of the seized material in the raid amounts to about Rs. 46,000/- putting the turn over of the readymade garments at Rs. 20 lacs, in our view, would appear to be a little too much. We notice that for 2000-2001, it is pointed out that the turn ....