The Commissioner of Income Tax-III, vs. M/S V.J.Equipment Limited,
ITTA/305/2008HC Telangana02 Feb 2012
Bench: Charging The Interest U/S 234B & 234C Of The It Act?” 3. The Brief Facts Of The Case Are That The Assessee Firm Is Engaged In The Business Of Precious & Semi Precious Stones & It Is A 100% Exporter. During The
Section 145(3)Section 234BSection 69C
69C and CBDT's circular
dated 23.12.1998?
2) Whether in the facts and circumstances of
the case, the ITAT has not acted perversely in
relying the books of accounts when the same
were rejected rejected by invoking provisions
of section 145(3) of the Act as the assessee
was unable to explain the purchases and the day
to day quantitative
