COMMISSIONER OF INCOME TAX-II vs. M/S.TRANSPORT CORPORATION OF INDIA

In the result, we set aside the assessment orders, except to

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

undisclosed investment and disallowed depreciation I.T.Appeal No.133/14 & con.cases. -2- claimed. 2. The appeals filed before the Commissioner of Income- tax were

THE COMMI.OF INCOME TAX,HYD. vs. VAIBHAV

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

undisclosed investment in stock It was noticed that there was substantial difference between the two disclosures and that the stock position declared to the bank was only to satisfy the debit ratio, current ratio, capital base required bythe bank 7. As a matter of fact, CIT($ put the assessee on notice