Cash Sales on 07/11/2016 and 08/11/2016 and its Improbability:
On 07/11/2016 and 08/11/2016, there was a significant ... these two specific days alone raises significant concerns
about the improbability of this occurrence.
Considering the average daily turnover of 21.82 crore, and assuming
round figure of Rs.20,000/- is very much
improbable considering the frequenc y of transaction.
ii) The huge cash loans t aken ... very much in need for the poor agriculturi st is highly
improbable.
iii) The admission of M. Sahabuddin that between
assessee-company has to be considered by taking the probability or improbability of realization in a realistic manner. He also cited the decision ... applied in the reality of the situation and mere improbability of recovery cannot result into non-accrual of income. It has also been held that
from chargeability such income which has accrued but merely suffers from high improbability of recovery. As held by Supreme Court in the case of State ... income-tax as developed. The Court further held that mere improbability of recovery, where the conduct of the assessee is unequivocal, cannot be treated
rightly characterised the defence as fiction. He urged there is total improbability in the defence version. Elaborating his submission. Shri Senthivel submitted that the proprietor ... transactions carried out by Girish during his short stay. It is highly improbable that Shri Girish who had come all the way from Pune would
another liquor dealer confirming advance of Rs.1.35 lakh. It is
improbable that this party without any regular source of income
could advance such ... Nelli Trimurthulu confirming
advance of Rs.1.35 lakh each. It is improbable that a person without any
regular income source could advance huge amounts
party to whom the goods were sold. It was
highly improbable that sales were made at Jaipur
but the cash collected was deposited in Mumbai ... highly improbable that the Appellant
will have such a turnaround of fortunes to achieve
a turnover of Rs. 622 crores in just four months.
This
AGIL was the sole distributor of NIIL. Therefore,
it is highly improbable for a distributor to incur cost of
purchase which included 20% element ... AGIL was in trading which further
supports the above improbability. In the present case, there is
no material placed on record by M/s. AGIL
Only in the event it is found to be
impossible or highly improbable that the tainted cases can be separated from the
nontainted cases could ... systemic or chronic in nature that it is
impossible or highly improbable to separate the tainted and untained candidates
should a decision to cancel
persons could not.
The case of the Revenue hinges mainly on the improbability that the
persons from as far as 400 Kms would come ... that fact. The case of
the Revenue is that it is improbable. Well, in our opinion, apparently it may
sound to be improbable, but certainly
