2012 (9) TMI 1238

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....E MR.JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgement of the Income Tax Appellate Tribunal dated 01.10.2010, raising the following questions for our consideration : "[1] Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in deleting the addition of Rs.1,50,58,882/- made by the Assessing Officer and confirmed by the Ap....

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....ssessing Officer re-computed the same @ 19.27% after rejecting the books. The Commissioner (Appeals) accepted such re-computation of the Assessing Officer. Thereupon, the assessee went in further appeal before the Tribunal. The Tribunal by the impugned order, reversed the orders of the revenue authorities. Hence, the present appeal. 3. Having perused the documents on record with the assistance of....