defaulter in terms of Section 218 of the Act. Sub-section (2) of Section 218 (as it stood at the relevant time) reads as follows ... sent under Sub-section (1) or Sub-section (2) or Sub-section (3) or Sub-section (3A) of Section 212 an estimate or a revised
case for furnishing the return of income under sub-
section (1) of section 139 of the Act, in respect of the previous year in which ... with provisions of Sec.210 of the Companies Act. Explanation below Sec.115JB of the
Act provides that for the purposes of section 115JB
extent the same has confirmed addition of Rs.
27,73,218/-under Section 69C of the Income Tax Act, 1961 (hereinafter referred ... upholding
the addition, to the extent of Rs. 27,73,218/-, under Section 69C of the Act is
arbitrary, unjustified, unwarranted and illegal and hence
extent the same has confirmed addition of Rs.
27,73,218/-under Section 69C of the Income Tax Act, 1961 (hereinafter referred ... upholding
the addition, to the extent of Rs. 27,73,218/-, under Section 69C of the Act is
arbitrary, unjustified, unwarranted and illegal and hence
that those balance sheets did not conform to the provisions of Section 215 of the Companies Act, 1956, which lays down that the balance sheet ... signed by the managing director, etc. He also noted that Section 218 of the Companies Act requires that if the balance sheet is issued
entire
amount pertaining to this year amounting to ₹1,48,86,218/- u/s 69 A
of the Act as unexplained money in the assessment ... unjustly
made huge addition of Rs.1,48,86,218/- as unexplained money
entire amount pertaining to this year amounting to
₹1,48,86,218/- u/s 69 A of the Act as unexplained money in the assessment ... unjustly made huge addition of
Rs.1,48,86,218/- as unexplained money
entire amount pertaining to this year amounting to
₹1,48,86,218/- u/s 69 A of the Act as unexplained money in the assessment ... unjustly made huge addition of
Rs.1,48,86,218/- as unexplained money
entire
amount pertaining to this year amounting to ₹1,48,86,218/- u/s 69 A
of the Act as unexplained money in the assessment ... unjustly
made huge addition of Rs.1,48,86,218/- as unexplained money
section (1) of Section 209A , such an assessee is required to pay advance tax in accordance with such statement. Sub-section (5) of Section 209A ... dates specified in Section 211 . Here, it would also be worthwhile to refer to the provisions of Section 218 which, inter alia, says that
