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2013 (5) TMI 648 - HC - VAT and Sales TaxRevision u/s 58 – Conduction of surveys - Discrepancies were found in the books of account – AO made additions u/s 7(3) & u/s 9(2) which was reduced by the first appellate authority to some extent – Held that:- In the instant case, no proper books of accounts were found at the time of survey. So, there was no option available before the A.O. except to made the addition on estimate basis. The first appellate authority again examined the material, loose papers etc. and made the addition on estimate basis by giving a partial relief to the assessee, which was upheld by the Tribunal. Tribunal is a final fact finding authority as per the ratio laid down in the case of Kamla Ganpati vs. Controller of Estate Duty, [2001 (2) TMI 132 - Supreme Court] Thus it is clear that no question of law is emerging from the impugned order passed by Tribunal. Order is hereby sustained.
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