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2 results for “section 68”+ Section 28clear

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Key Topics

Section 271(1)(c)4Section 1322

M/S.VIRTUAL SOFT SYSTEMS LTD. vs. COMMISSIONER OF INCOME TAX, DELHI-I

C.A. No.-007115-007115 - 2005Supreme Court06 Feb 2007
For Respondent: Commissioner of Income Tax, Delhi-I
Section 260ASection 271(1)(c)Section 68

28,462.00 (iii) Unexplained share application money added back as unexplained cash credits under Section 68 Rs. 19,16,000.00 (iv) Lease

P.R. METRANI vs. COMMNR. OF INCOME TAX, BANGALORE

Appeals are allowed

C.A. No.-005673-005675 - 2002Supreme Court15 Nov 2006
For Respondent: Commissioner of Income Tax, Bangalore
Section 132Section 132(5)Section 139(2)Section 143(2)Section 69C

28,67,920 ii. Income from undisclosed sources as discussed in para 3.3 i.e., PRM-13 Rs. 6,66,690 iii Investent in Durgadabail building at Hubli as per para 5 being 50% of Rs. 5,24,200/- Rs. 2,62,100 iv Unexplained expenditure U/s. 69C Rs. 8,33,525 The assessment for the years 1981-82 was completed