2011 (9) TMI 1200

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..... Income Tax Appellate Tribunal dated 15.01.2010 raising following questions of law for our consideration: "[I] Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in deleting the addition of ₹ 18,11,085/- made by the Assessing Officer and confirmed by the Appellate Commissioner on account of suppression of sale? [ii] Whether, on the facts .....

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..... m the questions, question Nos. 3 and 4 are more in nature of contentions and are not entertained questions. 3. Question Nos. 1 and 2 arise out of any background. Assessing Officer as well as CIT(A) made certain additions on the basis of suppression of sale and on the basis of low GP rate. This was primarily on the presumption that the assessee could not produce the books of accounts. 4. However, .....

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..... e deleted for all the years. Accordingly, Ground Nos. 3, 4 and 5 are allowed." 5. From the above, it emerges that the reason for rejection of books of accounts itself was not found valid. Tribunal consequently, directed to compute the profit on the basis of books accounts. We do not find any substantial question of law arises. Tax appeal is, therefore, dismissed.
Case laws, Decisions, Judgeme .....

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