The Commissioner of Income Tax, vs. M/s. Jyothi Wines,
ITTA/226/2010HC Telangana30 Nov 2010
Bench: V.V.S.RAO,RAMESH RANGANATHAN
For Appellant: THE COMMISSIONER OF INCOME TAXFor Respondent: M/S.CORDIAL COMPANY
Section 153ASection 153CSection 292C
68, proposing addition of
unexplained credits; but eventually the
additions were made under Section 69 as
undisclosed investments. There was a further
addition made of Rs.7,48,750/-, which was a
cheque payment made by one of the assessee-
firms to T.S.Asok, one of its partners, which
was said to be refund of advance paid on a
property
