Itl/1/2007 Of Govardhan Tikamchand Agrawal v. The Assistant Commissioner Of Income Tax

1 IN THE HIGH COURT OF JUDICATURE AT BOMBAYNAGPUR BENCH, NAGPUR Income Tax Appeal No.1/2007 [Govardhan Tikamchand Agrawal, Nagpur .vrs. The Assistant Commissioner of IncomeTax, Nagpur] ............................................................................................................................................................................................. Office Notes, Office Memoranda ofCoram, appearances, Court's orders Court's or Judge's order of directions and Registrar's orders ................................................................................................................................................................... Mr. S.N. Bhattad, Advocate for the appellant, Mr. Anand Parchure, Advocate for the respondent. .......... CORAM :K.J. ROHEE AND PRASANNA B. VARALE, JJDATED :OCTOBER 16, 2008 1.Heard the learned counsel for the parties. 2.The Assistant Commissioner of Income Tax as well asIncomeTaxAppellateTribunalfoundthattheappellant/assessee did not have sufficient cash balance in hisbooks of account to explain the cash of Rs.2,32,200/- found inhis possession on the date of search i.e. on 14.2.2003.Thesefindings are based on the report of Assessing Officer as well asthe corroborative evidence produced by the assessee.Thus, inour view, no substantial question of law arises in the presentappeal. The same is, therefore, dismissed. JUDGE JUDGE