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The Commissioner of Income-Tax, Bangalore And The Deputy Commissioner of Income Tax, Circle-8 (1) Bangalore Versus Sunrise Sales Corporation

2009 (11) TMI 967 - Karnataka High Court

ITA No. 312/2004 - Dated:- 24-11-2009 - Mr. K. L. Manjunath, And Mr Aravind Kumar For the Appellants : Sri K. V. Aravind, Advocate for Sri. M. V. Seshachala, Standing Counsel. For the Respondent : Sri. R. V. S. Naik, Advocate for M/s King & Parti .....

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e following substantial questions of law.: 1. Whether the Tribunal was correct in ignoring the statement of one Sri. Chandra Sha partner in one of the firms of the assessee s group and financier of the assessee that 3 to 5% sales were taking place ou .....

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rse finding? 2. Whether the Tribunal arrived at a perverse find that the department has not found any material evidence to support the additions made, during the search when admittedly there was evidence of one of the parties as well as discrepancy i .....

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t case and the entire set of facts could not be equated to one other case and consequently, three was not consideration by the Tribunal in respect of facts and controversy which arose in the present case? 2. We have heard the learned counsel for the .....

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the Tribunal is convinced that there is not scope for making additions in these two cases. Further it is stated that the Department has not found any material or evidence found in the course of search and there is no basis for making an addition when .....

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ed by the Department has come to the conclusion that the members of the Tribunal are convinced that there is not scope for making additions in these two cases. There is no scope for making additions in these two cases. There he contends that he order .....

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Tribunal has reversed the finding. Therefore he contends that the order of the Tribunal should be set aside. 4. Learned senior counsel Sri. Kumar supporting the order submits since the member of the Tribunal have gone through the records and stock i .....

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