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2015 (11) TMI 11 - ITAT CHENNAI

2015 (11) TMI 11 - ITAT CHENNAI - TMI - Difference between sales tax order and the sales made to the total income of the assessee - assessee submitted that there was difference in turnover disclosed to the sales tax department and the turnover disclosed to the Income tax department on account of inclusion of Mahamai, handling charges and transit insurance and if the above items are excluded, there will be no difference of turnover disclosed to the sales tax department and the income tax departme .....

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ee for statistical purposes. - I.T.A. Nos.1308 & 1309/Mds/2015 - Dated:- 2-9-2015 - SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER For The Appellant : Shri. V. Rajasekaran, C.A. For The Respondent : Shri. A.B. Koli, IRS, JCIT. ORDER These appeals by the assessee are directed against common order of the Commissioner of Income-tax (Appeals)-19, Chennai, dated 24.02.2015 for the above assessment years. Since the issue involved in these appeals are common in nature, these appeals are combined, heard togeth .....

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se are that there was a search u/s.132 of the Act in the case of M/s. Amar Sparklers Factory and its partners on 21.10.2008. Books of accounts, documents and other materials relating to the assessee and the group concerns were found and seized. Subsequently, relevant statutory notices were issued. The assessee filed return of incomes for the AY 2004-05 and 2005-06 admitting E4,58,860/- and E6,39,634/ - respectively on 23.12.2009. During the course of assessment proceedings, it was found out that .....

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come of the assessee. Aggrieved, the assessee preferred an appeal before the Commissioner of Income Tax (Appeals). 4. On appeal, The Commissioner of Income Tax (Appeals) observed that the contention of the assessee are found to be apparently not correct and against the uncontrolled fact recorded in the assessment order. The Assessing Officer in the assessment order for the assessment year 2004-05 has observed that the sales as per Sales Tax Order is ₹ 79,60,649/- whereas the assessee firm .....

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