2008 (11) TMI 698

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..... RDER 1. This appeal under section 260A of the Income-tax Act, 1961 is directed against the order dated 6-7-2007 passed by the Income-tax Appellate Tribunal in ITA No. 3555/Delhi/1999 pertaining to the assessment year 1995-96. 2. The appellant has proposed the following substantial questions of law:- (a) Whether ITAT was correct in law in deleting the addition of ₹ 83,15,315 made b .....

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..... on of Closing Stock as per the method of accounting employed by the assessee? Insofar as the first set of questions are concerned, namely, (a ) to (c), we find that the Tribunal has adequately dealt with the same and has correctly applied the law. The Tribunal has held that the provisions of section 145A were not applicable to the proceedings of the year in question. It has also held that once .....

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