(Per : HONOURABLE MR.JUSTICE V. M. SAHAI)
1. We have heard Ms.Mauna M.Bhatt, learned counsel appearing for the appellant and Ms.Bhumi Thakor with Ms.Swati Soparkar, learned counsel appearing for the respondent.
2. Admit.
Connect with Tax Appeal No.2139 of 2009. We formulate the substantial question of law as under:
Whether the Appellate Tribunal is right in law and on facts in directing that the closing stock was to be allowed as opening stock for succeeding year especially when the assessment of income was made as unexplained expenditure and not as unexplained closing stock ?
2. Issue notice to the respondent. Paper book be filed within three months.
(V.M.SAHAI,J) (N.V.ANJARIA,J) ***vcdarji Top