2020 (11) TMI 912

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....USTICE H.T. NARENDRA PRASAD APPELLANTS (BY SRI E.I. SANMATHI, ADV.)   RESPONDENT (VIDE COURT ORDER DT:22/01/2020 SERVICE OF NOTICE TO RESPONDENT IS ACCEPTED.)   JUDGMENT ALOK ARADHE J., This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act', for short) has been preferred by the revenue. The subject matter of the appeal pertains to....

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....eciating the fact that the assessee was unable to substantiate the sales made for the period March 2003 reflected as sales on 3-3-2003 with any sale bills and negative cash balance was worked out based on audited books of accounts of the assessee and the return of income filed by the assessee? 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in de....

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....n 143(3) of the Act on 25.06.2007. Being aggrieved, the asseessee filed appeals before the Commissioner of Income-Tax (Appeals), which were partly allowed by a Common Order dated 09.11.2012. The revenue thereafter, approached the Income Tax Appellate Tribunal (hereinafter referred to as 'the Tribunal', for short). The Tribunal by a Common Order dated 09.12.2016 dismissed the appeal pertaining to t....

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....ed counsel for the revenue and have perused the records. The Tribunal has upheld the finding recorded by the Commissioner of Income-Tax (Appeals), which reads as under:- '10. We have considered the above submissions. It is clear from the above that the CIT (A) has examined this issue and drawn due conclusion. The Revenue has not brought any material to assail such conclusion and hence we ....