2002 (3) TMI 12

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..... is at the instance of the Revenue, preferred under section 260A of the Income-tax Act, 1961, against the order of the Income-tax Appellate Tribunal, Indore, passed on August 23, 2001. The brief facts material for deciding this appeal are mentioned herein below: The respondent-assessee filed an appeal before the Tribunal, challenging the addition of alleged undisclosed income on protective basi .....

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..... ee would not have deposited premium towards insurance policy and the payments by cheques to the supplier of cylinders would not have been made. It has also been recorded that there appeared to be some collusion between the supplier of cylinders, i.e., M.M. Industries and the party, who was to fill up gases, i.e., Mega Gases Ltd. Thereafter, considering the correct interpretation of section 158B(b) .....

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