IN THE HIGH COURT OF DELHI AT NEW DELHI
5.
ITA No.1088/2007
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COMMISSIONER OF INCOME TAX ..... Appellant
Through Ms. P.L.Bansal, Advocate.
versus
ANAND GUPTA ..... Respondent
Through
CORAM:
HON'BLE MR. JUSTICE MADAN B. LOKUR
HON'BLE DR. JUSTICE S. MURALIDHAR
O R D E R
14.11.2007
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The Revenue is aggrieved by an order dated 6th February, 2007 passed by
the Income Tax Appellate Tribunal, Delhi Bench ?F?, New Delhi ('Tribunal') in
ITA No.4664/Del/2004 relevant for the Assessment Year 1997-98.
The Assessing Officer as well as the Commissioner of Income Tax (Appeals)
['CIT(A)] had added an amount of Rs.7,83,021/- on account of discrepancies found
in the stock at the time of survey.
The Tribunal examined copies of the bills produced by the Assessee and
after consideration of the same it was found that there was no reason why a
discount of 20% be not allowed to the Assessee while working out the value of
the stock. This is an adjudication purely on the facts of the case.
ITA No.1088/2007
page 1/2
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No substantial question of law arises.
Dismissed.
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MADAN B. LOKUR, J
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S. MURALIDHAR, J
NOVEMBER 14, 2007
dn
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ITA No.1088/2007
page 2/2
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