COMMISSIONER OF INCOME TAX Vs. HAZARI LAL

JUDGEMENT

(1.) REVENUE has preferred this appeal under s. 260A of the IT Act, 1961 against the order of the Tribunal, Chandigarh Nos. 18 and 38/Chd/2001 and C.O. No. 57/Chd/2007 in the case of Shri Hazari Lal, proposing to raise following substantial questions of law :

(2.) INFERENCE of income from commission agency for sale and purchase of vehicles was sought to be drawn. Block assessment was made on the basis of inferences drawn from documents seized during the search, which was upheld by the CIT(A). The CIT(A) partly allowed the appeal of the assessee.

(3.) THE Tribunal granted further relief to the assessee by recording following findings :