2016 (11) TMI 799

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....r the Respondents : Pankaj Jain, Senior Advocate, with Sachin Bhardwaj and Divya Suri, Advocates JUDGMENT S. J. Vazifdar, CJ. 1. This is an appeal against the order of the Tribunal in respect of the assessment year 2006-07. 2. The appellant has raised four questions of law. Questions (ii), (iii) and (iv) are liable to be dismissed in view of our order and judgment dated August 11, 2016....

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....sion of the learned Commissioner of Income-tax (Appeals) on this ground but not upholding the consequential estimation of income by the Assessing Officer even though there are serious defects in the assessee's accounts ?" 5. At the outset, it may be noted that the Assessing Officer rejected the books of account, but the Commissioner of Income-tax (Appeals) upset that finding. The Tribunal, ....

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....produced before the authorities. Some of the important differences are as follows. The assessee's books are of a higher quality. This was accepted even by the Assessing Officer. The assessee had given greater discounts on its books than that given by M/s. Pardeep Publication. Moreover, its cost of production would be higher as the size of the paper used by M/s. Pardeep Publication in one of it....