TMI Blog2014 (2) TMI 606X X X X Extracts X X X X X X X X Extracts X X X X ..... orities - the addition was made pertaining to the rate of interest - The assessee has shown the rate of interest @ 23% and the A.O. has allowed 18%, the difference of 5% is based on estimate basis - There was no reason to interfere with the order passed by the Tribunal and the same is sustained along with the reasons – there was no substantial question of law is emerging from the order – Decided a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... various additions on estimate basis. The said additions were deleted partly by the CIT(A) and further by the Tribunal. Against the deletion of various additions, the Department has filed the appeals before this Court (I.T.A.Nos.22 23 of 2009) for the assessment years 2000-2001 and 2001-2002, where the order passed by the Tribunal was upheld and appeals were dismissed vide order dated 31st July, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... engaged in the electronic business and the additions were made on estimate basis which were substantially deleted by the appellate authorities and Hon'ble High Court has upheld the same as per the order dated 31st July, 2013 (supra). Now the addition on less amount remains in the quantum appeal. It may also be mentioned that in the instant case, the addition was made pertaining to the rate of i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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