52 results for “section 68”+ Section 87clear
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In the result, the appeal filed by the Revenue is dismissed
Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.160/Gau/2018 ("नधा"रणवष" / Assessment Year:2013-14)
Section 68 of the I.T. Act. 12. We note that the action of the AO, being based on extraneous and irrelevant material,totally ignoring the relevant material cannot be sustained as held by the Hon’ble Supreme Court in the case of CIT (Central) Calcutta vs. Daulatram Rawatmull [(1973) 87