5 results for “section 68”+ Section 45clear
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Bench: SHRI INTURI RAMA RAO (Accountant Member), SHRI PARTHA SARATHI CHAUDHURY (Judicial Member)
68,721/- u/s 41(1) of the Act. On mere perusal of the assessment order, it would be clear that the Assessing Officer made addition of the said amount invoking the provisions of section 41(1) merely on the ground that the sundry creditors are outstanding for a period of long time and the assessee could not file