2013 (12) TMI 552

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... imate - The AO should first point out the defect in bokks of accounts and reject them rather making an addition on adhoc basis - Decided against Revenue. - Income Tax Appeal No. - 425 of 2005 - - - Dated:- 10-12-2013 - Hon'ble Dr. Satish Chandra And Hon'ble B. Amit Sthalekar,JJ. For the Appellant : S.C.,A.N. Mahajan, B. J. Agrawal ORDER The present appeal has been filed by the Depar .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ness and residential premises of the assesee where certain books of accounts and incriminating documents were found. Since the assessee had not filed its return of income before search, a notice under section 148 of the Income Tax Act was issued. In reply, on 22.3.1996 the assessee filed return of income showing total loss of Rs.53,447/-. The Assessing Officer after making additions of Rs.11,58,43 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... vs. CIT;258 ITR 85 (P H) 4. CIT vs. Ravail Singh;254 ITR 1991 (P H) 5. Shiv Lal Tak vs. CIT; 251 ITR 373 (Raj.); and 6. CIT vs. Raj Bhan Singh; 276 ITR 351 (All). Further, needless to mention that the Tribunal is a final fact finding authority as per the ratio laid down in the following cases: 1.CIT vs. Suraj Dal Mill, 2005 (37) STJ 547 Alld; 2.CIT vs. Durga Dal Mill, 2006 (3) VLJ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X