1999 (4) TMI 69

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..... e (No. 2) Act, 1998. The petitioner has filed a declaration envisaged under section 89 of the Finance (No. 2) Act, 1998, claiming the benefit of the claim for settlement of tax arrears. The designated authority having considered the declaration and facts of the case accepted the declaration and computed the amount payable under section 88 by holding that the addition relating to closing stock in .....

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..... tention to the contentions raised before us and material referred to by the petitioner as well as the respondents, in the reply, we are satisfied that no, interference is called for. It has been clearly made out that during the course of search conducted on April 28, 1995, the Assessing Officer while, examining the question of valuing closing stock for the financial year ending on March 31, 1995, .....

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