IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX INCOME TAX INCOME TAX APPEAL NO. 830 OF 2008 APPEAL NO. 830 OF 2008 APPEAL NO. 830 OF 2008 The Commissioner of Income Tax. ... Appellant. V/s. M/s.Mukesh Gopaldas Dattani. ... Respondent. A.S.Shivsharan for the appellant. Vipul B. Joshi with T.M.Nadar for the respondent. CORAM : DR.S.RADHAKRISHNAN CORAM : DR.S.RADHAKRISHNAN CORAM : DR.S.RADHAKRISHNAN and V.C.DAGA, JJ. and V.C.DAGA, JJ. and V.C.DAGA, JJ. DATED : 6th October 2008. DATED : 6th October 2008. DATED : 6th October 2008. P.C. : P.C. : P.C. : ---- ---- ---- . Heard learned counsel for the appellant and learned counsel for the respondent. 2. The above appeal seeks to raise the following substantial questions of law: (a) Whether in the facts and circumstances of the case and in law, the Tribunal is right in upholding the order of CIT(A) and deleting the addition of Rs.7,05,739/- on account of trading of resins when the investment and profit thereon were not covered in the disclosure made under section 132(4)? (b) Whether in the facts and circumstances of the case and in law, the Tribunal is right in upholding the order of CIT(A), deleting the additions made on account of profit relating to consignment sale of own trading and expenditure shown to have been incurred thereon? 3. We have perused the order passed by the Income Tax Appellate Tribunal dated 7th May, 2007; wherein the Tribunal in paragraph- 5 has observed as under: "5. Having heard the rival contentions and having perused the material on record, however, we see no need to interfere in the relief granted by the assessee. In our considered view, once the assessee himself makes a declaration of the suppressed income to the tune of Rs.16,00,000 in the relevant year and that amount is already included in the taxable profits of the assesee, there cannot be any further scope of making estimated gross profit addition for the suppressed gross profit. In any event, there is no cogent material on record to justify or substantiate the gross profit addition in question. Merely because gross profit in a particular year is low cannot be reason enough to warrant or justify any such addition for the simple reason that business situations can never be so static as to permit or require a uniform gross profit rate from year to year. Keeping all these factors in mind, as also entirely of the case, we approve and confirm the conclusions arrived at by the CIT(A) and decline to interfere in the matter." 4. From the above, it is explicitly clear that there is no merit in the above appeal. It is nothing but reiteration of the finding of fact. There is no substantial question of law involved. 5. In the result, appeal is dismissed in limine. (V.C.DAGA, J.) (DR.S.RADHAKRISHNAN, J.) (V.C.DAGA, J.) (DR.S.RADHAKRISHNAN, J.) (V.C.DAGA, J.) (DR.S.RADHAKRISHNAN, J.)