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TMI Blog2010 (10) TMI 782X X X X Extracts X X X X X X X X Extracts X X X X ..... sales outside the books of account is undisputed facts not controverted even during the appeal proceedings – Held that:- As the profit on the sales of Rs. 45,19,63,026 and which came to Rs. 1,92,98,200 has already been considered as income of the appellant, the sales whatsoever, which have not been accounted for in the sales considered in the audited accounts filed with the return of income are t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al is dismissed. - I. T. A. No. 61 of 2010 - - - Dated:- 13-10-2010 - Adarsh Kumar Goel, Ajay Kumar Mittal, JJ. Denesh Goel for the Appellant JUDGEMENT Adarsh Kumar Goel, J:- This appeal has been preferred by the asses-see under section 260A of the Income-tax Act, 1961 (for short, "the Act") against the order dated April 29, 2009 of the Income-tax Appellate Tribunal, C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment, the Assessing Officer made addition on the basis of alleged unaccounted sales. On appeal, the Commissioner of Income-tax (Appeals) deleted the addition with the following observations:- "As already mentioned, the Assessing Officer has also made addition of Rs. 52,58,618 by applying rate of 14.25 per cent. to the estimated unaccounted sales of Rs. 3,66,70,962. Here again the facts th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, which have not been accounted for in the sales considered in the audited accounts filed with the return of income are taken to be covered in the sales reflected in the balance-sheet with the Registrar of Companies. Once the income of the appellant had been held to be assessable at Rs. 1,92,822,200 as against that of Rs. 9,984 shown in the return of income, the addition of Rs. 53,58,618 with all ..... X X X X Extracts X X X X X X X X Extracts X X X X
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