2008 (12) TMI 35

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..... fide reasons being pure finding of fact, we are unable to hold that any substantial question of law arises - appeal by revenue is dismissed - ITAT has not erred in deleting the penalty - 723 of 2008 - - - Dated:- 22-12-2008 - ADARSH KUMAR GOEL and L.N. MITTAL JJ. Mr. Yogesh Putney, Sr. Standing Counsel for the appellant. JUDGMENT 1. Delay condoned. 2. The revenue has preferred .....

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..... concept of the turnover is concerning an assessee (person) and not a concern or a particular business? 2. Whether, the Hon'ble ITAT was right in law in holding that the assessee's view of not getting the accounts audited of M/s Raj Engg. Works was reasonable though gross receipts from both the proprietorship concerns exceeds Rs.40 Lacs?" 3. The assessee filed his return as proprietor of two .....

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