M/S SREE LAKSHMI SILKS vs. THE ASST. COMMISSIONER OF INCOME TAX

In the result, the order passed by the tribunal dated 26

Bench: It In Relation To Cash Credit Entries In The Books Of The Appellant On The Facts & Circumstances Of The Case?

purchase of Rs.30,38,705/- in the books and the payments made during the year for a sum of Rs.16,88,305/- was also accepted. It is further submitted that there was no material before the Assessing Officer to record a finding that the creditors were the bogus creditors. It is further submitted that the tribunal has failed to take

COMMISSIONER OF INCOME TAX vs. SRI.M.R.JANAKIRAM (HUF)

The appeal is allowed