2019 (2) TMI 321

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....inod Chandran, J. We see from the order of the Income Tax Appellate Tribunal and the questions referred by it that the questions are essentially on facts. The assessee is a firm dealing in cashew. There were purchase of cashew kernels and sale of the same by export and also in the local market. The assessee had claimed cost of kernels per pound at Rs. 12.02, which included cost of the container ....

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.... is on an additional ground raised by the assessee. The additional issue raised was as against an unaccounted sales estimated at Rs. 10,16,000/-. The same was on the basis of the purchases made and the sales revealed in the accounts. The Tribunal computed it on the basis of bags of goods, as admitted by the assessee, an apt exercise at the hands of the last fact finding authority. 4. In computati....