223 results for “section 68”+ Section 6clear
Sorted by relevance
Key Topics
Showing 1–20 of 223 · Page 1 of 12
In the result, both the appeals of the Revenue are dismissed
Bench: Dr. Manish Borad & Shri Sonjoy Sarma
section 68 of the IT Act, 1961 holding that there was no failure on the part of the assessee to disclose truly all material facts necessary for his assessment. However, the fact is that neither the Director of the assessee company nor the directors of the allotted companies appeared before the AO to verify the genuineness of transaction, identity