DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2 , LUDHIANA, LUDHIANA vs. NICE EXPORTS PRIVATE LIMITED, A-15A, PHASE-VII, FOCAL POINT, LUDHIANA, LUDHIANA

In the result, all the above appeals filed by the Revenue are dismissed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

119/- made under section 68 of the Act. It was contended that the assessee failed to discharge the primary onus cast upon it to satisfactorily explain the nature and source of the impugned foreign remittances received from M/s Goel Foreign Exchange, Canada. 8. The Ld. DR submitted that, admittedly, no exports were made to the Canadian entity from whom

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2 , LUDHIANA, LUDHIANA vs. NICE EXPORTS PRIVATE LIMITED, A-15A, PHASE-VII,, FOCAL POINT, LUDHIANA, LUDHIANA