2015 (7) TMI 688

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ACJ. (Oral) 1. This is an appeal against the order of the Tribunal allowing the respondent's appeal against the order of the Commissioner of Income Tax (Appeals) upholding the addition of about Rs. 1.51 crores to the respondent's income. The following questions are sought to be raised:- "i) Whether in the facts and circumstances of the case, is the Hon'ble ITAT correct in holding tha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ording to the Assessing Officer, the documents disclosed the closing stock as on 31.03.2009 to be about Rs. 169 lacs. 3. The question, therefore, is whether the closing stock as on 31.03.2009 was Rs. 17.50 lacs or Rs. 169 lacs. This is essentially a question of fact. It involves an appreciation of the evidence on record. The question is whether the finding of the Tribunal is perverse or not. 4. ....