2016 (9) TMI 1035

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....r : Honourable Mr. Justice KS Jhaveri ) By way of this appeal, the appellant­revenue has challenged the order dated 10/06/2005 passed by the ITAT whereby the ITAT has reversed the view taken by the Assessing Officer which has been confirmed the CIT (Appeals) holding that once the books of account having been accepted, the addition made by the Department is not permissible. 2. While admit....

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....., which has been confirmed by the CIT (Appeals) is required to be restored. 4. On the other hand, learned Counsel for the assessee, Mr.Shah has contended that the books of account has been accepted and the entries made in the books of account was not doubted and when the stock register was not maintained but the entries were made in the statement which was given by the assessee. He has further....

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....hat during the course of assessment, the assessee produced before AO all the details of opening stock, purchase and sales made by it etc. and the same were neither disputed nor any discrepancy was found, therein. Apart from that the AO did not produce any material to show that the assessee had made purchases out of undisclosed income. It is not the case of the revenue or for that matter AO that th....