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TMI Blog2020 (1) TMI 55X X X X Extracts X X X X X X X X Extracts X X X X ..... ouse of the assessee would have to be explained to some extent at least, and the assessee could not get away merely by asserting that even though those diaries were recovered from him yet since the handwriting was not proved to be his, he had no duty at all to explain about all those figures. The Tribunal also noticed that the assessee had initially owned these entries and had stated that they wer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -11-2019 - Ajay Tewari And Ms. Alka Sarin, JJ. Aalok Mittal, Adv. for the Appellant. Varun Issar, Jr. Standing Counsel for the Respondent. ORDER Ajay Tewari, This appeal has been filed under Section 260A of the Income Tax Act, 1961 against the order dated 28.6.1999 of the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar (ITAT) al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de sources in the books of account. 3. In appeal the Commissioner held that since the documents which were recovered did not bear the handwriting of the assessee and any person associated with him, he was not bound to disclose what they were representing and consequently, deleted those additions. 4. In the appeal filed by the Revenue, the Tribunal held that figures which were wri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the entries and undertaken to explain them in the next financial year and had not offered any explanation whatsoever the amount representing were rightly added to other income of the assess. 6. There is another dispute regarding application of Gross Profit (GP) rate on the difference of the stock which was physical present in stock register. In regard to this issue, the finding of the Tri ..... X X X X Extracts X X X X X X X X Extracts X X X X
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