Commissioner Of Income Tax - Appellant(S v. Amar Corporation - Opponent(S

IN THE HIGH COURT OF GUJARAT AT AHMEDABAD TAX APPEAL No. 1250 of 2011 ========================================================= COMMISSIONER OF INCOME TAX - Appellant(s)Versus AMAR CORPORATION - Opponent(s) =========================================================Appearance :MR SUDHIR M MEHTAfor Appellant(s) : 1,None for Opponent(s) : 1, ========================================================= CORAM :HONOURABLE MR.JUSTICE V. M. SAHAI and HONOURABLE MR.JUSTICE N.V. ANJARIA Date : 31/08/2012 ORAL ORDER (Per : HONOURABLE MR.JUSTICE V. M. SAHAI) 1.We have heard Mr. Sudhir M. Mehta, learned counsel appearing for the appellant. 2.Admit. We formulate the substantial question of law as under : “(A)Whether on the the facts and circumstances of the case and law, the statement of the respondent as well as of the employee alongwith the documents seized would tantamount to evidence under section 158BB of the Income Tax Act or whether the statement recorded under section 132(4) has only very limited application ? TAXAP/1250/2011 (B)Whether the evidence found as a result of search or other such materials or information is sufficient enough to conclude that there was concealment of income to the extent of Rs. 10,54,698/- on account of On-money?” 3.filed within three months. Issue notice to respondent. Paper book be [V.M.SAHAI, J.] [N.V.ANJARIA, J.] cmjoshi