Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

No addition on GTC without evidence of depositing higher price of Cigarettes in fictitious bank account

April 21, 2017[2017] 80 284 (Mumbai - Trib.) (SB)/[2017] 57 ITR(T) 384 (Mumbai - Trib.) (SB)/[2017] 164 ITD 1 (Mumbai - Trib.) (SB)/[2017] 187 TTJ 369 (Mumbai - Trib.) (SB)

IT: Where revenue made addition to assessee's income on ground that cigarettes manufactured by it were sold at a price higher than MRP and said amount of premium was deposited in fictitious bank accounts belonging to assessee, in absence of any evidence on record that those bank accounts were in fact controlled by assessee, impugned addition was to be set aside

read more
Best view in 1140 x 768