2010 (11) TMI 67

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..... - finding recorded by the Tribunal that so far as shortfall in gross profit rate is concerned, it is supported by the facts on record and it was not refuted either by the AO or by the CIT(A). The same could not be a reason for rejection of the books of account - The said finding of the Tribunal is perfectly justified as no illegality or perversity therein could be pointed out by the learned stand .....

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..... gally justified in deleting the levy of interest under section 234D of the I.T Act 1961 ignoring the fact that the provisions of section 234D were inserted with effect from 01.6.2003 and the case was completed on 28.2.2006." Heard Shri Shambhu Chopra, learned standing counsel for the department. Question No.1. Having heard the learned counsel for the Department, we do not find that questio .....

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