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TMI Blog2012 (11) TMI 854X X X X Extracts X X X X X X X X Extracts X X X X ..... ount - Tribunal has upheld the determination of turn-over at Rs. 2.30 crores as against Rs. 2.50 crores fixed by the Assessing Officer and reduced by CIT(Appeals). So far as the deletion of addition of Rs. 4,85,691/- in respect of M/s. Vikas Chappal House, Rs. 33,045/- in respect of Bani Footwear and Rs. 47,913/- in respect of Agarwal Shoe Store are concerned Tribunal in the impugned order has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... "1. Whether on the facts and circumstances of the case, the Hon'ble Tribunal was justified in law in reducing the addition on account of extra profit to Rs. 6,00,000/- as against the addition of Rs. 14,89,027/- made by the AO and upheld to the extent of Rs. 8,29,027/- by ld. CIT(A), ignoring the finding of facts of sales outside the books of account to the extent of Rs. 9,26,403/- recorded by t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee failed to explain the above credits in its books of accounts? Briefly stated, the facts giving rise to the present appeal are as follows: The appeal relates to the Assessment Year 1997-98. The respondent assessee is a partnership firm and is engaged in the business of manufacturing and sale of Hawai Chappals and rubber sheets. The original assessment was completed on an income of Rs. 60,74, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ks of account and estimation of turn-over and the profits by the best judgment assessment has been upheld by the Tribunal yet taking into consideration the sales of Rs. 9.26 lakhs which was recorded outside the books of account, the Tribunal has upheld the determination of turn-over at Rs. 2.30 crores as against Rs. 2.50 crores fixed by the Assessing Officer and reduced by the CIT(Appeals). The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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