April 2015

Sec. 36(1)(iii)

Gujarat H.C : Whether the Appellate Tribunal is right in law and on facts in deleting the addition made on account of suppression of production by showing excess scrap, when in the statement recorded under Section 132(4) the Director of the assessee accepted that scrap generation was being entered into RG1 register on an estimate basis, and the addition was confirmed by the CIT(A)

High Court Of Gujarat CIT-II vs. Gujarat Foils Ltd. Section 36(1)(iii) Assessment year 1999-2000 M. R. Shah And S.H. Vora,

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