1991 (4) TMI 74

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..... etitioner do arise for consideration out of the order of the Tribunal. The Income-tax Officer had set out the reasons why he rejected the accounts of the assessee and estimated the income. Particularly, he has referred to the reasons why he was estimating the sale, production and labour charges. He also gave the basis for the estimation of the income with reference to the income which the assessee .....

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..... ng that the Income-tax Officer did not reject the books of the assessee ? (2) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in finding that the income of Rs. 1,12,906 determined by the Income-tax Officer in the first instance has only to be taken as the reasonable business income of the assessee for this assessment year ?
Case laws, Decisions, Judge .....

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