Search: section 68

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Section 2932

The Commissioner of Income Tax-III vs. M/s.Visakha Industries Ltd

The Appeal is dismissed

ITTA/283/2010HC Telangana17 Feb 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

For Appellant: THE COMMISSIONER OF INCOME TAX

Section 143(2)

Section 68 will be attracted only when the assessee offers no explanation or the explanation so offered is not satisfactory to the Assessing Officer. It was found that in the present case assessee had established the identity of the creditor, the source for the credit and the genuineness of the transaction and had thereby discharged the initial burden

Commissioner of Income Tax -II vs. M/S Sri Ramanjaneya Poultry Farm Pvt., Ltd.,

ITTA/713/2006HC Telangana03 Dec 2013

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH