COMMISSIONER OF INCOME TAX 8 MUMBAI vs. GLOWSHINE BUILDERS AND DEVELOPERS PVT. LTD. MANAGING DIRECTOR

Bench: HON'BLE MR. JUSTICE M.R. SHAH

2 of 44 the   assessee.   During   assessment,   it   was noticed by the AO that the aforesaid was not disclosed   while   filing   the   return  of   income. The   assessee   did   not   enter   the   aforesaid income into his profit and loss account. The assessee was asked to explain the transaction as it was not appearing in its profit and loss account.   The   agreement