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Section 26030 Section 14810 Section 139(1)5 Section 1535 Revision u/s 2635

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

ITA/5035/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

purchasers of the diamonds. Therefore, he treated the sale as unexplained credits in the assessee’s books and the sale proceeds of the diamonds are brought to tax as unexplained credits in the assessees books of accounts. The assessee’s claim for long term capital loss was disallowed, because the whole transactions of sale of diamonds is treated as fictitious

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

COMMISSIONER OF INCOME TAX vs. S.MADHAVA (HUF)

COMMISSIONER OF INCOME TAX vs. S.MADHAVA (HUF)

COMMISSIONER OF INCOME TAX vs. S.PARVATHI MADHAVA