6 results for “section 68”+ Section 221clear
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Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
68 to 69D and therefore, the provisions of section 115BBE cannot be applied. Accordingly, the addition cannot be made merely on the basis of accounting entries particularly when no excess stock was actually found. This view gets support from the apex court in the case of ‘Kedar Nath Jute manufacturing company Ltd. Vs Commissioner of income