2008 (12) TMI 823

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....Adv. For the Respondent : Mr.Siddhartha Chatterjee,Adv., Ms.Jyotsna Roy Mukherjee,Adv. ORDER The Court :-The appeal was admitted on the following ground:- "Whether the Tribunal misdirected itself in law in holding that the gross profit was required to be estimated though the books of account were not rejected and its purported finding in this behalf are arbitrary, unreasonable and perverse?" ....

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....y Mr.Khaitan, that the books of accounts which were produced were not rejected nor even a single voucher was found unverifiable. The said fact has also been accepted by the Commissioner of Appeal in the order so passed by him. Therefore, it is submitted that the learned Tribunal without any reason whatsoever has partly allowed the appeal in favour of the Department. He also drew our attention to t....