2016 (9) TMI 602

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....jan,Bharatji Agarwal,D. Awasthi,G. Krishna,R.K. Upadhyay, S. Chopra ORDER 1. This appeal, under Section 260-A of Income-tax Act, 1961 (hereinafter referred to as "Act, 1961"), has arisen from judgment and order dated 30.9.20015 passed by Income-tax Appellate Tribunal, Allahabad Bench, Allahabad (hereinafter referred to as "Tribunal"), in I.T.A. no.235 of 2002 for assessment year 1998-99. 2. Thi....

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....se, the Tribunal, while giving the finding of reversal, ought to have considered the reason which weighed with the Assessing Officer in disbelieving the wastage in C.T. Scan/USG films. (D) Whether on the facts and circumstances of the case, the Tribunal has misdirected itself in law in estimating the income/profit from C.T. Scan/USG films at Rs. 5 Lacs, by conjecture, a conclusion which no reaso....

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....as justified in remanding the issue of generator expenses to the file of C.I.T. (Appeals) despite there being all relevant material available for adjuration and decision." 3. Appeal preferred by Revenue before Tribunal raised six grounds. Out of which, ground nos. 2, 4, 5 and 7 were rejected and Tribunal dismissed appeal of Revenue to that extent. In respect of grounds 3 and 6, Tribunal has reman....