DR. PRABHU DAYAL YADAV Vs. COMMISSIONER OF INCOME

JUDGEMENT

(1.) This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as the 'Act') has been filed against the order dated 10.08.2007 passed by the Income Tax Appellate Tribunal, Allahabad Bench, Allahabad in the assessee's appeal for the Assessment Year 2003-04. The appeal was admitted on the following questions of law:-

(2.) Against the aforesaid assessment order, the assessee filed first appeal before the Commissioner (Appeals). It was partly allowed by order dated 23.08.2006. While the CIT (Appeals) made certain deletions, in so far as rejection of the books of account is concerned, the same was upheld.

(3.) Being aggrieved, the assessee as also the revenue appealed before Income Tax Appellate Tribunal, Allahabad. The Tribunal has vide it's order dated 10.08.2007 rejected both the appeals and confirmed the order passed by the CIT (Appeals).