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2016 (9) TMI 602 - ALLAHABAD HIGH COURT

2016 (9) TMI 602 - ALLAHABAD HIGH COURT - TMI - Suppression of income/profit from C.T. Scan/USG films - Held that:- The addition was on account of the fact that assessee claimed huge wastage of X-Ray films and CT Scan in respect whereof proper account showing extent of damage, claimed by assessee, was not substantiated and it is for this reason, entire damage claimed by assessee was not accepted. Though Assessing Officer made an addition of ₹ 3,40,000/- but substantial relief was given by .....

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ed:- 1-9-2016 - Hon'ble Sudhir Agarwal And Hon'ble Dr. Kaushal Jayendra Thaker, JJ. For the Appellant : Shakeel Ahmad For the Respondent : S.C.,A.Kumar,A.N. Mahajan,Bharatji Agarwal,D. Awasthi,G. Krishna,R.K. Upadhyay, S. Chopra ORDER 1. This appeal, under Section 260-A of Income-tax Act, 1961 (hereinafter referred to as "Act, 1961"), has arisen from judgment and order dated 30.9.20015 passed by Income-tax Appellate Tribunal, Allahabad Bench, Allahabad (hereinafter referred to .....

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ithout appreciating the fact that the waste films were not required by the Assessing Officer to be produced. (B) Whether on the facts and circumstances of the case, the Tribunal has failed to appreciate that the wastage of films is a common feature of this type of activity which occurs due to various reasons including the electricity failure. (C) Whether on the facts and circumstances of the case, the Tribunal, while giving the finding of reversal, ought to have considered the reason which weigh .....

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al number of films consumed with total receipts, when the Accounts are maintained u/S 44-AA of I.T. Act read with Rule 6-F of I.T. Rules? (F) Whether on the facts and circumstances of the case, the Tribunal was justified in cancelling the relief of ₹ 20,975/- given by C.I.T. (Appeals) on account of closing stock being lower than opening stock without appreciating the fact that the said finding was consequential to the relief given by C.I.T. (Appeals) with regard to unexplained investment i .....

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