THE COMMISSIONER OF INCOME TAX vs. SHRI S RUDRAMUNIYAPPA
Appeals are allowed
ITA/81/2008HC Karnataka30 Jul 2015
Bench: The Hon’Ble Mr.Justice Ravi Malimath & The Hon’Ble Mr.Justice P.S.Dinesh Kumar
Section 132Section 158Section 260
68 pertain
to debtors, the same could not be considered as out of books, as they
were covered and included in the regular books of accounts.
Therefore, an opportunity was given to prove this stand. The
assessees and the Chartered Accountant who appeared on 16.08.2002
were unable to substantiate their stand and expressed their inability to
produce the books
