2006 (7) TMI 91

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.... Chandigarh Bench "B" (for short, "the Tribunal"), arising out of I. T. A. No. 6494/Chandi/96 for the assessment year 1992-93, decided on December 16, 2004, by raising the following substantial questions of law "(A) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified on the facts and in law in confirming the action of the Commissioner of I....

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....rities and gone through the material available on record as well as the paper book filed by the assessee. In this case the difference in stock was found by the search party on the basis of rates intimated by one of the partners of the firm and though inventory was prepared on January 10, 1992, the rates were intimated on January 17, 1992, thus there was sufficient time with the assessee to intimat....

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....ee, the following order was passed : "After some hearing, Mr. Mukhi, learned counsel for the appellant prays for some time to place on record the material which, according to the appellant, has not been taken into consideration by the Tribunal. At request, adjourned to July 24, 2006." 4 The assessee has not placed on record any material which according to him, has not been taken into cons....