Para-5 and the same shall be the value of the Net Current Assets to be taken over by ICL and shall form the Purchase ... potential liability arising out of orders made under the Jute Packaging Materials (Compulsory Use in packing Commodities) Act 19871 and the Rules framed thereunder upto
ITAT Mumbai Bench 'B' held that the concept of compulsory contribution to
social security is not prevalent in India. The concept of social ... considering that the organization parallely carries out various
functions. The affiliation being compulsory, making the social security
organisation an earning partner alongside of the assessee
premises of the assessee on 21.01.2014 and therefore, the case falls
under compulsory scrutiny and accordingly notice ... rejecting the books of
accounts and estimating net profit at 20% of the gross sales. Further,
the assessee had admitted
Assistant Commissioner Of Income-Tax vs Raasi Cements Ltd. on 29 July, 1993
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