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1999 (4) TMI 8

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....256(2), the CIT seeks a direction to the Tribunal, Ahmedabad Bench B, Ahmedabad, to state the case and submit the following question of law said to be arising out of its order in IT Appln. No. 3101/Ahd/1997 for the asst. yr. 1994-95: "Whether the Tribunal is right in law and on facts in holding that only the net profit rate can be applied in respect of admitted sales of goods outside the books o....

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....its embedded in the sales for which the net profit rate was adopted entailing addition of income on the suppressed amount of sales. The Tribunal also found that there is no material on the record to suggest that the assessee made any investment outside books of accounts to make alleged unaccounted sales in respect of the aforesaid appellate order. The applicant made an application under s. 256(1) ....