2012 (10) TMI 613

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..... The Tribunal accepted the explanation and reduced the gross profit rate from 16.87%, which the A.O. had worked out after rejecting the account at 15.7%. The addition on account of dis-allowance of the salary was maintained. Thus the questions raised by the revenue are essentially questions of fact based on the discretion of the income tax authorities and the Tribunal after books of accounts are .....

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..... trading account in accordance with the provisions Section 145 of the Act? (2) Whether on the facts and in the circumstances of the case, the Tribunal is justified in law in deleting the addition of Rs.5,84,300/- made on account of unexplained investment in shop, godown, furniture etc. which was surrendered by the assessee during survey u/s 133A of the Act?" We have gone through the order .....

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