TMI Blog2003 (7) TMI 44X X X X Extracts X X X X X X X X Extracts X X X X ..... tion under section 254(2) of the Income-tax Act and bring to the notice of the Tribunal the decision of the Supreme Court so that the Income-tax Appellate Tribunal may pass appropriate order in accordance with the provisions of law and the law laid down by the Supreme Court - - - - - Dated:- 8-7-2003 - Judge(s) : DEEPAK VERMA., S. K. SETH. JUDGMENT Shri R.J. Jain, learned counsel for the Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me Court has held that additions made on account of sales and purchases made in the market area which have been found to be bogus by the Assessing Officer, were rightly added to the income of the assessee. The order of the Assessing Officer was upheld, while dismissing the I.T.A. No. 39 of 2001, by this court against which the assessee preferred the aforesaid S.L.P. which too has been dismissed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the Income-tax Appellate Tribunal in total ignorance of the decision of the Supreme Court, as mentioned above. This, in our considered opinion, would be a fit case in which the Revenue should file an application under section 254(2) of the Income-tax Act and bring to the notice of the Tribunal the decision of the Supreme Court so that the Income-tax Appellate Tribunal may pass appropriate ord ..... X X X X Extracts X X X X X X X X Extracts X X X X
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