5 results for “transfer pricing”+ Section 172(3)clear
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In the result the appeals filed by the assessee are allowed
Bench: Shri Amit Shukla & Shri B.R.R. Kumarassessment Year: 2010-11
3. The Ld. AO thus observed that in these bank statements, huge amount aggregating to Rs. 2,00,00,000/- in each of the assessees have been received either from M/s. Sunview Retail Pvt. Ltd. or M/s. Siddheswari Vyapaar Pvt. Ltd. However, the same are not appearing anywhere in the balance sheet or profit and loss account except the bank