2001 (7) TMI 11

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.... Bhandawat for the appellant. This appeal under section 260A of the Income-tax Act, 1961, has been filed to set aside the decision of the Tribunal and restore the order of the assessing authority. The assessee is a wine contractor. During the course of assessment proceedings, the assessee had produced cash book, ledger, purchase vouchers, sale register, etc. The Assessing Officer had invoked....

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....venue's appeal and partly allowed the assessee's appeal and reduced the total additions of Rs. 24,13,077 to Rs. 2 lakhs and observed that in the assessee's own case, in the immediate preceding year there was a total addition of Rs. 1,50,000. The Department aggrieved by this order, preferred the present appeal. Shri Sundeep Bhandawat, learned counsel for the Department, submits that the Tribunal....