BHIMA JEWELLERS vs. COMMISSIONER OF INCOME TAX,
ITA/15/2021HC Kerala25 Aug 2022
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI
For Appellant: M/S BHIMA JEWELLERSFor Respondent: COMMISSIONER OF INCOME TAX
Section 115Section 115BSection 263Section 68Section 69Section 69ASection 69BSection 69CSection 69D
35 ITR 416 (SC),
in which it was found that it is not unreasonable
ITA No.15 of 2021 -14-
to infer that the addition made under section 68
is receipt from the business of the assessee, and
also relying on the decision of this court in
Annamala
Reddiar
v.
CIT
MANU/KE/0120/1963 [1964] 53 ITR 601 (Ker),
the Tribunal
