2012 (10) TMI 96

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..... ary, Adv. Mr. Piyush Poddar, Adv. Ms. Darshana Poddar, Adv. Ms. Amrita Sinha, Adv.   Heard learned counsel for the parties.   2. While admitting this appeal, the following question of law has been framed: (I) Whether having regard to the undisputed finding, not disputed by the CIT (A), that the whole-sale business of battery done by the assessee was not at disclosed and the same came .....

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..... and the CIT(Appeal), recorded the finding that A.O. had no reason at all to treat entire purchases as unexplained investment and it was a purely imagination of the A.O. So far as the estimation of the income is concerned, for that also, cogent reason has been given by the CIT(Appeal) as well as considered by the Tribunal. 4. After going through the detailed reason given by the CIT(Appeal) in its .....

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