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Bharatiya Plastic Udyog Versus Income Tax Officer, Ward 1 (2) , Ghaziabad

2016 (9) TMI 600 - ALLAHABAD HIGH COURT

Rejection of accounts - false information - Held that:- For all the facts and circumstances and considering the fact that Assessee concealed certain things, furnished wrong informations, transaction were made in cash, Assessing Officer found a justif .....

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no error or misreading of documents or factual error has been pointed out, we are of the view that Tribunal was justified in upholding Assessing Officer's findings for rejection of accounts of Assessee and otherwise view of CIT(A) has rightly been r .....

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S.C. ORDER 1. Heard Shri S.D.Singh, learned counsel for appellant and learned standing counsel for respondent. 2.This appeal under section 260-A of Income Tax Act, 1961 (hereinafter referred to as "Act 1961") has been preferred by Assessee .....

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en by Tribunal are sufficient for reversing decision of CIT in the facts and circumstances of present case." 4. Assessing Officer found major discrepancies in absence of accounts books of Assessee and hence rejected the same and made certain add .....

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recorded by CIT(A) has been reversed by Tribunal but on the question of additions, it has remanded the matter to Assessing Officer, since in view of Tribunal, there was no material or basis to make such additions at a particular rate, thus, before u .....

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of scrap in various categories, no sufficient material was maintained or placed before Assessing Officer, to determine rates. 6. Names and addresses of purchasers were not mentioned in bill/cash memos. The details of transporter through whom goods we .....

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