1987 (7) TMI 25

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ner herein. The respondent is a firm an assessee to income-tax. The firm contains 14 partners. We are concerned with the assessment year 1979-80. The assessee declared a total income of Rs. 68,690. The return was rejected. The Income-tax Officer took elaborate evidence and added a sum of Rs. 6,43,380 to the admitted income. In appeal, the Commissioner of Income-tax (Appeals) sustained the addition....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o counsel for the assessee. We are satisfied that questions Nos. 1 and 3, formulated in para. 12 of the original petition and extracted hereinbelow, do arise out of the order of the Appellate Tribunal. Question No. 2 is only another facet of questions Nos. 1 and 3 and projects the arguments of the Revenue to contend that the estimate of income at Rs. 1,41,000 by the Appellate Tribunal is unjustifi....