TMI Blog2003 (5) TMI 32X X X X Extracts X X X X X X X X Extracts X X X X ..... rial. The assessee was also found to have purchased substantial quantity of sarson outside the books of account. Since the books of account maintained by the assessee were not reliable, the assessment had to be made in the light of the material recovered during the search. In this process, some element of estimate was unavoidable – Thus we cannot say that assessment order is legally not sustainabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (a) Whether, on the facts and circumstances of the case, the order annexures P1, P2 and P3 are legally sustainable? (b) Whether, on the facts and circumstances of the case, the order annexures P1, P2 and P3 are legally sustainable inasmuch as the relevant authorities have failed to consider that the assessee had been doing job work and crushing mustard seeds for others for price and seized docum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f salary paid to partners had not been allowed? (f) Whether, on the facts and circumstances of the case, the order annexures P1, P2 and P3 are legally sustainable inasmuch as the relevant authorities have gravely erred in holding the undisclosed addition of Rs. 1,43,27,290 from allegedly undisclosed transactions as the same is not reflected either in the assets or investments made by the assesse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stantial quantity of sarson outside the books of account. Since the books of account maintained by the assessee were not reliable, the assessment had to be made in the light of the material recovered during the search. In this process, some element of estimate was unavoidable. In the appellate jurisdiction under section 260A of the Act, this court normally does not interfere by substituting its ow ..... X X X X Extracts X X X X X X X X Extracts X X X X
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