(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) We have heard Mrs. Mauna M. Bhatt, learned counsel for the Revenue and Ms. Bhumi Thakur for Mr. S.N. Soparkar, learned Senior Counsel for the respondent.
Admit.
We formulate the substantial questions of law as under:
"1.
Whether on the facts and in the circumstances of the case and in law, the Appellate Tribunal is right in resorting to an estimate of the income based on the provisions of section 44AF and 44AE by treating one unitary business of mining of sand into two separate businesses?
2. Whether on the facts and in the circumstances of the case and in law, the Appellate Tribunal is right in ignoring the fact that the Assessing Officer has proved the books of accounts of the assessee to be totally unreliable before proceeding to estimate the income of the assessee?"
Issue notice to the respondent. Paper Books be submitted within three months.
(V.M.
SAHAI, J.) (N.V.
ANJARIA, J.) [SN DEVU PPS] Top