2017 (7) TMI 404

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....a, Advocate for the Appellant Shri Harvinder Singh, A.R. for the Respondent ORDER Per: Ashok Jindal The demand of Rs. 1,51,33,750/- has been confirmed against the appellant along with interest and penalties have also been imposed on the appellants. Aggrieved from the said order, the appellants are before us. 2. The facts of the case are that the appellant is engaged in the manufacturing of me....

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....bmits that the income surrendered before the Income Tax department has been explained by the appellant that the cash received in the factory belongs to their father and some cash pertains to the investment made in the immovable property but no cognizance was taken by the authorities below. Moreover, no investigation was conducted at the end of appellant by the authorities below to ascertain the fa....

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....ed before the Income Tax Authorities without adducing any independent evidence with regard to purchase of raw material, manufacture of finished goods and sale thereof or not? 8. The said issue came up before this Tribunal in the case of M/s Arisudana Industries Limited (Supra) wherein this tribunal has observed as under:- 8. As duty is payable on manufacture of the goods. Revenue have not come ....