The Commissioner of Income Tax vs. Shri Byru Venkateswarlu
Appeal is dismissed
ITTA/341/2005HC Telangana21 Mar 2016
Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY
Section 271(1)(c)
money in the shape of
these purchases which were later on labled
as credit purchases so as to give them
colour of genuineness. The assessee has,
therefore, made investment in the shape of
credit purchases in the name of the above
persons. Accordingly, the investment in the
alleged unproved purchases represented
assessee’s own income from undisclosed
sources.
Such purchases
