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

....l 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-products and also deleting the addition of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....k, 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 (Appeals)"), partly reversed the order of the asses....