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
unexplained credits to the tune of Rs.1,86,00,000/-
in capital account and net loss of Rs.1,76,24,221/-
was set off against this cash credit.
As per Section 115BBE, where the total income of an
assessee includes any income referred to in section
68
