Itta/423/2013 Of The Commissioner Of The Income Tax Iv v. Satya Prasad Anagani

IN THE HIGH COURT OF JUDICATURE, ANDHRAPRADESH AT HYDERABAD WEDNESDAY, THE EIGHTEENTH DAY OFSEPTEMBER TWO THOUSAND AND THIRTEEN PRESENT THE HON’BLE THE CHIEF JUSTICESRI KALYAN JYOTI SEN GUPTA AND THE HON'BLE SRI JUSTICE K.C. BHANU I.T.T.A. No.423 OF 2013 Between: The Commissioner of Income Tax-II,Hyderabad ..... Appellant AND Satya Prasad Anagani .....Respondent The Court made the following : JUDGMENT:(per the Hon’ble the Chief Justice Sri K.J. Sengupta) Since connected Appeal on identical questions oflaw has already been dismissed by this court, thepresent appeal is also dismissed. In any way, we noticed that the learned Tribunal has estimated theincome discarding the Books of Accounts estimatingthe net profits at 15% from the business. Thispercentage of estimation is not absurd in the businesscarried out by the assessee. The agricultural income isalso estimated at Rs.5.00 lakhs instead of Rs.10.00lakhs. It is a question of fact. This appreciation of fact bythe learned Tribunal is not absurd. In view of this fact-finding, we do not find any element of law involved inthis appeal. Accordingly, we dismiss the appeal. No order asto costs. ______________________ Kalyan Jyoti Sengupta, CJ. September 18, 2013MAS _____________K.C. Bhanu, J.