August 2010

Section 69

Punjab & Haryana H.C : The hon’ble Income-tax Appellate Tribunal was right in law in upholding the order of the learned Commissioner of Income-tax (Appeals) deleting the addition of Rs. 22,01,000 made by the Assessing Officer on account of unexplained NRI gifts allegedly received by the partners and brought into the books of account of the firm through capital accounts of partners

High Court Of Punjab & Haryana CIT vs. Deepak Iron and Steel Rolling Mills Section : 69 Assessment Year :

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