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2009 (7) TMI 675 - HC - Income TaxAssessment- The Company was a manufacturing company since 1974. The assessee furnished the return for the assessment year 1988-1989 declaring a gross profit at the rate of 30.77 percent. as against 26.72 percent. the Assessing officer made the addition on the ground that suppression of sales and commission payment. The Commissioner (Appeals) partly allow the appeal but upheld the major addition made by the Assessing Officer. The Tribunal deleted the three additions. Held that-the Tribunal had examined and given convincing, cogent and satisfactory reasons. The Tribunal had meticulously examined the evidence on record. There was no illegality or infirmity in the order.
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