2008 (12) TMI 737

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....NT 1. Heard the learned counsel for the parties. Perused the affidavit dated 3-12-2008 filed by the Deputy Commissioner of Income-tax. For the reasons stated in paragraph No. 7 of the said affidavit, we recall our order dated 19-11-2008 regarding the imposition of costs on the appellant, quantified at Rs. 5,000 to that limited extent only. It appears from the said affidavit that the respondent ....

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....of Panchnama drawn on 31-8-2000 and 20-9-2000 even though the Panchnama is prepared during the course of search action under section 132 and therefore is not part of assessment proceedings ? 4. Whether, on the facts and in the circumstances of the case the Hon'ble Tribunal is justified in law in holding that there was no suppression of sales by the assessee in assessment years 1997-98 and....

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.... proceedings on 31-8-2000, we along with the aforesaid authorised officers before the commencement of proceeding today, inspected the seals which had been placed on that date and found them to be intact/tampered with as narrated in the enclosures." Annexure-2 of the said Panchnama dated 20-9-2008 mentions that : "Stock valued at Rs. 1,61,55,035 (Rupees one crore sixty one lakhs, fifty ....