K S MOT Vs. CIT

JUDGEMENT

(1.) The following questions are raised in this appeal stated to be the questions of law:

(2.) The basic issue involved in these questions is whether there should be trading addition or not. Trading addition based on finding of fact. Fact finding does not appear to us perverse. The book results of the assessee have been rejected by the assessing officer, even uptil the Tribunal. Stock register has also not been produced. The other allegation is that assessee has diverted its income to another company where directors of assessee-company and other company are closely related.

(3.) Considering these facts, it cannot be said that the finding of fact of the Tribunal is perverse. No interference is called for.