2006 (10) TMI 426

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s appeal against the order of the Income Tax Appellate Tribunal, Chandigarh Bench (B), Chandigarh (in short, 'the ITAT') dated 17.11.2005 in ITA No.377/Chand/2005, in respect of assessment year 2000-01, proposing following substantial questions of law:- "1. Whether, on the facts and in the circumstances of the case, the ld. ITAT was right in law in holding that ld. CIT(A) had rightly del....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... not per se enough for making the addition. The Tribunal affirmed the order of the CIT(A). It was held that the assessing officer having accepted gross profit rate and having not pointed out any suppressed sales or inflated purchases or any other discrepancy in the books of account, addition was not justified merely on the ground that there was variation in the stock statement furnished to the ban....