TaxTMI 
TaxTMI 
2018 (7) TMI 1997
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....der: "This Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 19th June, 2015 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 19th June, 2015 is in respect of Assessment Year 200708. 2 Mr. Pinto on behalf of the Revenue only urges the following questions of law, for our consideration: "(a) Whether on the facts a....
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....ng Officer to reject the books of account. In fact, the Assessing Officer does not question the correctness/completeness of the account before rejecting the accounts. (ii) Moreover, as the CIT(A) as well as the Tribunal have further recorded that the Assessing Officer could not point out any defect in the books of account produced before him and he completely ignored the fact that the account h....
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....This would further support the view that there is no basis to reject the books of account. (v) 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 RespondentAsses....
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....seeks time on the ground that he has not yet received the information from the Assessing Officer. At this Mr. Dalal the learned counsel appearing for the RespondentAssessee states that the Respondent has itself added back amount of Rs. 16 Lakhs while computing taxable income. In support he also tenders a copy of the computation of Income filed along with the return of income. 3 In the above view....