318 results for “section 68”+ Section 4clear
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In the result, Departmental appeal bearing
Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudharyassessment Year: 2017-18 M/S Motor Fab Sales Pvt. Ltd. V. The Dcit/Acit-4 11, Mahatma Gandhi Marg Lucknow Hazratganj, Lucknow Tan/Pan:Aaccm5754E (Appellant) (Respondent) Assessment Year: 2017-18 Theacit-1 V. M/S Motor Fab Sales Pvt. Ltd. Lucknow 11, Mahatma Gandhi Marg Hazratganj, Lucknow Tan/Pan:Aaccm5754E (Appellant) (Respondent) Assessee By: Shri Rakesh Garg, Advocate Revenue By: Shri H.S. Usmani, Cit(Dr)
section 68 of the Act, but add 20% as being premium on sale, which according to her was in the range of 15-20%, to the income of the assessee, treating the same as the profit earned by the assessee, and also directed to allow credit for the surrendered amount of Rs.2,25,10,000/-. ITA No.351 & 431/LKW/2020 Page