COMR. OF IT HYD vs. M/S NEERAJ PETRO CHEMICALS LTD HYD

The appeal is partly allowed

2 of 8 O/TAXAP/382/2000 JUDGMENT in the business of manufacturer and sale of various Dyes, Chemicals, etc. It also manufactures certain items for industries engaged in explosives and agro-chemicals. 4. The assessee-company filed its return of income on 30.12.1991 for the A.Y. 1991-92 declaring total income at Rs. “Nil”. Assessment scrutiny was undertaken and ultimately, the Assessing

The Commissioner of Income Tax (Central) vs. K. V. Srinivasa Rao

disallowed. These were put during the cross-examination of Bankey, PW 30. They are: Q. Did you state to the investigating officer that the gang rolled the dead bodies of Nathi, Saktu and Bharat Singh and scrutinized them, and did you tell him that the face of Asa Ram resembled that of the deceased Bharat Singh? Q. Did you state