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Commissioner Of Income-Tax vs M.K. Brothers (P.) Ltd. on 6 September, 1972

In this regard the appellant's A. R. referred to the decision of the Gujarat High Court in the case of CIT vs. M. K. Brothers 163 ITR 249. The appellant also referred to the decision of the Gujarat High Court in the case of Aadinath industries 252 VTR 476. The Gujarat High Court in these cases upheld the decision of the Tribunal holding that no addition could be made merely on the basis of suspicion and conjecture though there were some suspicious features.
Allahabad High Court Cites 4 - Cited by 182 - Full Document
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