2010 (1) TMI 12

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....th Mr Madhu Sudan Sahni For the Respondent : Ms Prem Lata Bansal with Ms Anshul Sharma BADAR DURREZ AHMED, J (ORAL) CM No.1569/2008 in ITA No.147/2008, 2601/2008 in ITA 152/2008 Delay in filing the appeal is condoned. ITA Nos. 1035/2007, 147/2009 & 152/2009 1. These three appeals arise out of the common order dated 02.06.2006 passed by the Income-tax Appellate Tribunal in ITA Nos. 40, ....

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....h were not covered within the scope of the commercial expediency or business exigencies of the assessee. A finding was also recorded that the Assessing Officer had examined not only the books of the assessee, but also the assessment orders and other records of the sister concerns, namely, Govan Industrial Corporation and Anilmaa Association. After such an examination, the Assessing Officer had com....