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2004 (5) TMI 19
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....r that the Tribunal be directed to refer these questions for the opinion of this court: "1. Whether, on the facts and in the circumstances of the case, the Tribunal erred in law in holding that the system of accounting maintained by the assessee was such that true and correct profits could not be deduced therefrom? 2. Whether, on the facts and in the circumstances of the case, the Tribunal e....
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.... on the facts and in the circumstances of the case, the finding of the Tribunal is perverse that no record of production is maintained being not based on any material? 6. Whether, on the facts and in the circumstances of the case, the Tribunal erred in law in not accepting the explanation of the assessee regarding increase in consumption of furnace oil, electricity and wages? 7. Whether, on ....
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....G.P. rate of 10 per cent, in the assessment year 1985-86 by the Assessing Officer, although the G.P. rate ultimately sustained in the assessment year 1985-86 was only 4.6 per cent.? 11. Whether, on the facts and in the circumstances of the case, the Tribunal misdirected itself in law in basing its conclusion on some irrelevant inferences and ignoring other essential matters on record? 12. Wh....