Supreme Court took the view that the
probability or improbability of realization has to be considered
in a realistic manner.
11. In the case ... from the
point of view of real income taking the probability or
improbability of realization in a realistic manner and dovetailing
of these factors together
more of the turnover of the assessee, which is
highly improbable in this line of business. In this regard, he has
also drawn our attention ... profit on sale of the said bungalows .That it was a
highly improbable proposition and if the addition was sustained to
the extent of entire
Neeraj Agrawal,, Mirzapur vs Dcit, Mirzapur on 14 March, 2023
IN THE INCOME TAX APPELLATE
Ajit Associates Private Limited, ... vs Jcit, Corporate Range - 1, Kochi on 11 August, 2023
IN
Gavireddygari Aparna Kalyani, ... vs Acit, Central Circle-2(3), Hyderabad on 28 February, 2023
आयकर
year, being only at the Mine and
Siding, which is highly improbable as some stock is bound to obtain at the storage
site
probabilities, transactions have been held to be non-genuine, it is
highly improbable that share price of a worthless company can go from
circumstances stated by the assessee, it cannot be held to be
improbability that assessee did not have any availability of cash at the time
cash in hand
available in India from earlier withdrawals, it is highly improbable that he would be
making such a small withdrawal from the bank
appellant
company from the group persons and concerns is highly improbable. More
so when there are no evidences found during the course of search
