KUTHUR JOHNY VINUFRANCIES,THRISSUR vs. INCOME TAX OFFICER, THRISSUR

In the result, the appeal of the assessee is dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Manu Kumar Giri, Jm Assessment Year: 2008-09

149,350) represented liability for services, and no loan had been credited in the books during the relevant period. Accordingly, the CIT(A) deleted additions of Rs.2,94,843/-. However, for the remaining loans received in FY 2007-08, the assessee failed to furnish complete bank statements and ITRs of lenders despite specific opportunity under Section

M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No