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1 result for “section 68”+ Set Off of Lossesclear

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INCOME TAX OFFICER, JIND vs. M/S. MANGAT RAM NORATA RAM NARWANA

Appeal is allowed, impugned orders are

Crl.A. No.-000008-000008 - 2005Supreme Court05 May 2011
Section 142(1)Section 143(3)Section 148Section 271(1)(a)Section 271(1)(c)Section 276CSection 276C(1)

loss account. All these documents, according to the prosecution were also signed by accused Hem Raj. On consideration of the same, the Assistant Commissioner of Income Tax made addition of Rs.1,28,000/- with trading account, Rs.1,10,000/- in bank account and Rs.19,710/- as additional income and assessed the total income to Rs.3,68,200/- and directed