9911796707
TMI Blog2004 (8) TMI 748X X X X Extracts X X X X X X X X Extracts X X X X ..... rred this appeal under section 260A of the Income-tax Act, 1961 (for short the Act ), against the order of the Income-tax Appellate Tribunal, Chandigarh Bench, Chandigarh (for short the Tribunal ), dated 22-11-2002 relating to assessment year 1994-95 whereby Revenue s appeal against the order of the CIT(A) has been partly allowed. 2. The assessee-firm derives income from trading i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee filed an appeal before the CIT(A), Ludhiana, who accepted the book version of the assessee and deleted the addition made by the Assessing Officer of ₹ 5,61,043 vide order dated 25-07-1996. 4. Revenue preferred an appeal before the Tribunal challenging the order of the CIT(A), Ludhiana. The assessee produced the stock register showing imported and domestic stock separately ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal shows that the stock register produced by the assessee was fully verified by the Tribunal in the presence of the Departmental Representative. Thus, the objection of the Assessing Officer that there was no detail in respect of closing stocks did not survive. The only other objection of the Assessing Officer regarding the purchases made from the sister-concern at an inflated price has d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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