2018 (7) TMI 1997

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.... Revenue only urges the following questions of law, for our consideration: "(a) Whether on the facts and in the circumstance of the case and in law, the Tribunal was justified in law in upholding the orders of the CIT(A), ignoring the action of AO in rejecting the books of accounts u/s 145(3) in view of the failure to provide adequate details regarding its generation of income? (b) Whether on the facts and in the circumstance of the case and in law, the Tribunal was justified in law in upholding the orders of the CIT(A), restricting the disallowance of Rs. 16 lakhs to Rs. 3 lakhs when the Assessee itself had disallowed the same in its computation?" 3 Re Question (a):i) We find that the impugned order of t....

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.... In view of the above, the question as framed does not give rise to any substantial question of law. Thus, not entertained. 4 Re Question (b):i) After the issue was argued for sometime, Mr. Pinto, learned Counsel for the Revenue was unable to show us from the record as filed, that RespondentAssessee had itself added back by disallowing an amount of Rs. 16 lakhs while computing its taxable income. (ii) This particularly in view of the grievance of the Revenue that authorities were not correct in restricting the disallowance of Rs. 16 lakhs to Rs. 3 lakhs. This is contrary to the claim of the Respondent in its computation of income. The computation of income is not annexed to the memo of appeal. (iii) At th....