Appeal to High court – Estimate of income

High Court of Delhi CIT vs Aero Leather (P) Ltd. ITA No. 836 of 2005 Madan B. Lokur and V.B. Gupta, JJ 9 January 2007 P.L. Bansal with Vishnu Sharma, Advs. for the Appellant V.P. Gupta with Basant Kumar, Advs. for the Respondent JUDGMENT The Revenue is aggrieved by an order dated 8th February, 2005 passed by the Income-tax Appellate Tribunal, Delhi Bench ‘A’ in ITA Nos. 2603/ DEL/04, 2643/DEL/04, 2644/DEL/04, 2645/DEL/04 and 2642/DEL/ 04 relevant for the assessment years 1994-95 to 1998-99. It appears that the Assessee was engaged in the business of manufacture a...