2000 (7) TMI 6

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed by G.S. SINGHVI J.--In this appeal filed under section 260A of the Income-tax Act, 1961 (for short "the Act"), the appellant has sought determination of the following questions of law "(i) Whether, on the facts and in the circumstances of, the case, the Income-tax Appellate Tribunal was right in law in deleting the addition of Rs. 2,65,000 made on account of low yield of rice and its by-p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....served that no day-to-day stock tally for phak, husk and driage had been maintained, actual weighment of paddy issued for milling was not done and no record of dirt, dust and other impurities had been maintained. The assessing authority also initiated penalty proceedings under section 271(1)(c) of the Act. In the appeal, the Commissioner of Income-tax (Appeals), Patiala (for short, "the CIT (Appea....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssed by this court in I. T. C. No. 81 of 1999 (CIT v. Bharat Rice Mills [2001] 250 ITR 584) and the record of this case and are of the view that no question of law arises for consideration by this court in the present appeal. The Commissioner of Income-tax (Appeals) has given detailed reasons for setting aside the additions made by the assessing authority and the Tribunal has given its independent....