Anis Ahmad and Sons Versus Commissioner of Income Tax (Appeals),Kanpur & Anr. (Supreme Court)

For non appearance of those traders, no adverse inference ought to have been drawn by the authorities below and the appellant-assessee has led satisfactory evidence that its business is only that of the Commission Agent and not ‘a Trader’ dealing in the goods. (Para 12)

Commissioner of Income Tax is right in holding the appellant_assessee as an ‘Arhatiya’ (Commission Agent) for the year 1984-85 and not as ‘trader’ as held by the Assessing Authority and accepted by the Income Tax Appellate Tribunal as well as by the

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