UPLAKSH METAL INDUSTRIES Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THE assessee has preferred this appeal under s. 260A of the IT Act, 1961 (hereinafter referred to as 'the Act') against 91.

(2.) A number of substantial questions of law have been proposed in para 18 of the appeal which are said to have arisen out of finding of the Tribunal recorded in para 9 of the impugned order.

(3.) THE assessee claimed trade credit in respect of his liability to make payment to the trade creditors who are not identified. The Tribunal reversed the finding of the CIT(A) and held as under : - -