2016 (9) TMI 600

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..... accounts and this has been up held by Tribunal holding that CIT (A) has taken a wrong view in reversing findings of Assessing Officer on this aspect. Since all these facts noticed above are not shown to be incorrect and 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 .....

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..... aw:- Whether the reasons given 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 additions. In appeal, Commissioner of Income Tax (Appeals) (hereinafter referred to as CIT(A) ) reversed assessment orde .....

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..... mentioned in bill/cash memos. The details of transporter through whom goods were transported, were given, and one transporter whose name mentioned, was found wrong by Assessing Officer. Similarly, with regard to storage of scrap, Assessee admitted that he was storing the same in a godown, but address of godown was not found correct. 7. For all these facts and circumstances and considering the f .....

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