RANKA, J. - (1.) The instant appeals at the instance of assessee, under Section 260A of the Income Tax Act, 1961, are directed against the orders dated 21.7.2014 and 17.7.2015 passed by Income Tax Appellate Tribunal, Jaipur Bench, Jaipur. Assessment years involved are 1997- 98 and 2000-01. The appellants are association of persons.
(2.) We may take into consideration the facts of the admitted appeal, namely DBITA No. 210/2015, as identical questions are involved, for the sake of convenience. The following questions were admitted by this Court:- "(i) Whether the ld. I.T. Authorities below were justified in making/sustaining the concomitant of the rejection of the books of accounts under section 145(3) in view of the ratio laid down by this Hon'ble Court in case of CIT v. Gotan Lime Khanij Udhyog reported in (2002) 256 ITR 243 (Raj.) ? (ii) Whether in the proceedings under section 145(3) with section 144 of the Act, addition of Rs. 1,20,00,000/- made without any basis of computation as also without establishing nexus thereof with the available facts and circumstances is permissible in law?" The other two appeals are at the stage of admission and since common controversy is involved in all the three appeals, with the consent of the parties, all the three appeals are being decided at this stage by this common order. This is second round of litigation.
(3.) Though we will be considering the facts from DBITA 210/2015, however, we give herein a comparative chart of the trading account in all the three appeals after examining the record of the appeals:- JUDGEMENT_251_LAWS(RAJ)7_2016_1.html;