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1 - 5 of 5 (0.23 seconds)The Companies Act, 1956
The Income Tax Act, 1961
Section 145 in The Companies Act, 1956 [Entire Act]
Asst. Commissioner Of Income Tax ... vs Kailash Chand Jain on 23 April, 2018
7.4 In the case of - CIT Vs Kailash jewellery House in ITA
NO. 613 OF 2010 (Delhi HC) - The Hon'ble court confirmed the
observation of The tribunal and held that The tribunal observed that it
is not in dispute that sum of Rs.2458400/- was credited in the sales
account & had been duly included in the profit disclosed by 'a' in its
return. It is in these circumstances that the Tribunal Observed that
the cash sales could not be treated as undisclosed income and no
addition could be made once again in respect of the same.
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