BEIERSDORF INDIA (P) LTD.,PANAJI vs. INCOME TAX OFFICER, WARD - 2(4),, PANAJI
In the result, appeal of assessee is partly allowed
ITA 337/PAN/2018[2014-15]Status: DisposedITAT Panaji17 Aug 2022AY 2014-15
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
For Appellant: Sh D.E. Robinson, AdvocateFor Respondent: Sh Ranjan Kumar, CIT-DR
Section 28Section 36Section 43Section 43(5)
house was not able to clear our dues. The outstanding of Rs.4.8 crores against the broker’s name in effect represented the value of sales/closing stock as of the cut-off date due to the abrupt closure of trading on NSEL for no fault of the assessee. Let alone any connivance, the assessee did not even have any hint
