2003 (4) TMI 55

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..... ed stating that following substantial questions of law involved: "1. Whether it is correct to reject the books of account under section 145 of the Act and estimate the sales when the parties to whom sales were made were registered sales tax dealers, who had issued sales tax declaration form (Form No. 17) meaning thereby they exported the goods and when full address was available on invoices, the .....

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..... r procuring the alleged sales?" Admittedly, the proviso to section 145 of the Income-tax Act, 1961, is attracted. On the facts and material produced before the Assessing Officer, the additions are made on account of sales, purchases and brokerages. Whether the sales, purchases and brokerages were genuine or not is basically a question of fact. In our view, the finding of fact is not perverse. C .....

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