Bench: Honourable The Chief Justice Honourable Mrs. Justice Susmita Phukan Khaund Judgment Date : 02-08-2023 (S.P. Khaund, J) 1. Heard Mr. S. Chetia, Learned Senior Standing Counsel, Income Tax Department & Mr. G.N. Sahewalla, Learned Senior Counsel For The Respondent Assisted By Learned Counsel Mr. M. Sahewalla. 2. This Is An Appeal U/S 260A Of Income Tax Act, 1961 (The I.T. Act For Short) Against The Order Dated 14.11.2018 Passed By The Income Tax Appellate Tribunal ‘E’ Court

5. The respondent submitted a reply vide letter dated 24.08.2018 stating inter alia that a reference was given regarding the Ledger Account, which is a part of the regular Books of Accounts maintained by the Assessee Company on his day to day business and the results were duly declared while filing the I.T. Returns, Balance Sheet, Audit Reports etc. since