2015 (7) TMI 1120

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..... facts and in law, the Tribunal is right in confirming adhoc disallowance on presumptions and surmises and without any material on record observing only that there is possibility of some inflation in weaving charges? 3. Whether on facts and in law, the Tribunal is right is confirming adhoc disallowacnce even when Assessing Officer has accepted book results and reply given by assessee for low G.P .....

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..... arges of ₹ 3,85,42,779/? 2. Whether on facts and in law, the Tribunal is right in confirming adhoc disallowance on presumptions and surmises and without any material on record observing only that there is possibility of some inflation in weaving charges? 3. Whether on facts and in law, the Tribunal is right is confirming adhoc disallowacnce even when Assessing Officer has accepted book .....

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