THE ACIT, KOLLAM vs. SRI.P. SUNIL KUMAR, KOLLAM

In the result, the appeals of the Revenue as well as the Cross

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

deemed dividend u/s 2(22)(e). The Assessing Officer made addition to total income at Rs 40,23,407/- as the previous years accumulated profits wass Rs 57,83,680/-. Under the head Sundry creditors, the balances from the following are: Basanth Impex : 16169669 Shyam International : 78815886 Vani Exporters : 48103927 Therefore these balances were added to the total income

THE DCIT, CEN-CIRCLE, KOLLAM, KOLLAM vs. SRI.P>SUNIL KUMAR, KOLLAM

In the result, the appeals of the Revenue as well as the Cross