INCOME TAX APPEAL No. 395 of 2007 at Allahabad

Neutral Citation No. - 2025:AHC:123122-DB A.F.R. Court No. - 3 Case :- INCOME TAX APPEAL No. - 395 of 2007 Appellant :- M/S Rai Wines Ras Bahar Colony Respondent :- The Commisssioner Of Income Tax Counsel for Appellant :- R.S.Agarwal,Mayank Jain Counsel for Respondent :- Ashok Kumar,Gaurav Mahajan Hon'ble Shekhar B. Saraf,J. Hon'ble Praveen Kumar Giri,J. (Judgment delivered in open Court by Shekhar B. Saraf, J.) 1. This is an appeal under Section 260-A of the Income Tax Act, 1961. The substantial question of law admitted by the High Court is as follows: "(iv). Whether, on the facts and circumstances of the case, the Income Tax Appellate tribunal was legally correct in sustaining the order of the CIT (Appeals) while making an enhancement to the income of the appellant to Rs.13,38,780/- over and above to the assessed income of the appellant amounting to Rs.25,63,730/- made by the Assessing Officer?" 2. We have heard Mr. R.S. Agarwal, learned counsel for the appellant as well as Mr. Gaurav Mahajan, learned counsel for the Income Tax Department. 3. It is to be noted that the findings recorded by the Commissioner of Income Tax (Appeals) (hereinafter referred to as "CIT Appeals") and the