ACIT, CIRCLE-3, RANCHI vs. SHRI SUMIT RAMSISARIA, RANCHI
ITA 222/RAN/2019[2015-16]Status: DisposedITAT Ranchi11 Dec 2020AY 2015-16
Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara
Section 133(6)Section 143(3)Section 41(1)
purchases, the sundry creditors could not be treated as income of the assessee. Copy of relevant order of ITAT is filed herewith.
In CIT v. Vardhman Overseas Ltd. (2012) 343 ITR 408 (Del), the Delhi
High Court, referring to its judgment in the case of Jay Engineering Works
Ltd. v. CIT (2009) 311 ITR 299 (Del) and applying the ratio
