RAJNIKANT AGRAWAL PROPREITOR M/S RAJNIKATN AND COMPANY Vs. COMMISSIONER OF INCOME TAX AGRA AND ANOTHER

JUDGEMENT

(1.) The present appeal has been filed against the judgment & order dated 08.03.2013 passed by the Income Tax Appellate Tribunal, Agra Bench, Agra (hereinafter referred to as, 'the Tribunal') in Income Tax Appeal No. 246/Agr./2012 for the Assessment Year 2007-08.

(2.) The present appeal was admitted by this Court on 03.10.2018 on the following questions of law:-

(3.) The facts of the case are that the assessee - applicant is a Proprietor of M/s Rajnikant & Company and engaged in the business of silver ornaments, bullion and job work . The appellant filed its return showing an income of Rs. 1,14,875/-. The case of the applicant was selected for scrutiny and notices were issued under section 143(2) of the Income Tax Act, 1961. In response thereto, a detailed reply was filed and hearing was afforded to the applicant's authorized representative.