2003 (1) TMI 18

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion, as both the appeals arise out of the common order passed by the Income-tax Appellate Tribunal, Indore Bench, in two cross appeals preferred by the assessee and the Revenue. Both were heard and disposed of by this common order. Both the appeals are under section 260A of the Income-tax Act, 1961, which requires that the appeal in the High Court can be admitted for hearing only when the court....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... offered an explanation that he had come from the agriculturist background, was new to business, had employed a part-time accountant to maintain the books of account mainly for the sales tax purposes. It was further offered by way of explanation that as the accountant was not properly trained, thus he has not maintained the books of account correctly and certain entries were made just to the appel....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....not have been denied by the assessee that they do not belong to him. In this background, various additions were made to the income of the appellant-assessee for the assessment years 1994-95 and 1995-96. Against such a finding recorded by the Assessing Officer and the Commissioner of Income-tax (Appeals) and against some finding, which was recorded against the Revenue, both preferred appeals. Th....