High Court of Judicature at Allahabad
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M/S. Vertex Chemical Industries v. Commissioner Of Income Tax, Kanpur And Others - INCOME TAX APPEAL No. 132 of 2003  RD-AH 13808 (9 August 2007)
IN THE HIGH COURT OF JUDICATURE AT ALLAHABAD
Income Tax Appeal No.132 of 2003
M/s. Vertex Chemical Industries, 2/13, Krishna Nagar, Kanpur through its Partner Shri Brij Lal Bhatia ...........Appellant
Commissioner of Income Tax, Kanpur & Others .........Respondents
Hon'ble H.L. Gokhale, CJ.
Hon'ble R.K. Agrawal, J.
Date:9th of August, 2007.
1. Heard Mr. S.D. Singh, in support of this appeal. Mr. Mahajan appears for the respondents.
2. The appeal is concerning Assessment Year 1986-87. The appellant is aggrieved by addition of Rs.91,587/-, which is on the basis of cash received by the appellant and which was not accounted for.
3. The submission of Mr. S.D. Singh, learned counsel for the appellant is that, in fact no cash amount was found when the search was carried out leading to this assessment order. He submits that the addition is on the basis of some slips found in the office of the appellant. The slips however, clearly show that out of the total amount which was billed to the customers, certain amount has been shown as cash amount. The explanation offered by the appellant was not accepted by the concerned authority and in our view, rightly so. There is no reason to entertain this appeal. This appeal is dismissed.
RKK/- Chief Justice
R.K. Agrawal, J.
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