THE COMMISSIONER OF INCOME TAX AND ANR. vs. M/S GOLDSTONE CEMENTS LTD.
ITA/8/2022HC Gauhati16 Dec 2024
Bench: HONOURABLE MR. JUSTICE LANUSUNGKUM JAMIR,HONOURABLE MR. JUSTICE KAUSHIK GOSWAMI
For Respondent: Dr. A. Saraf, Senior Advocate
Section 132Section 153ASection 260ASection 68
Section 68 of the IT Act, the obligation
stands with the assessee to explain the source of source and hence,
in the present case, since the assessee has not been able to explain
the source of source as regards the transaction in question, the
Assessing Officer has rightly added the sum to be charged to income
