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2007 (4) TMI 196 - RAJASTHAN HIGH COURT
Best judgment assessment – AO calculated G.P by taking the case of one M/s Anil Marbles, as comparable case – CIT (A) was justified in finding that these two cases are not comparable, so G.P. of that case can’t be adopted – Additions made by the AO u/s 68, as unexplained share application money & cash credit – no nexus is established that share application money for augmenting the investment in business has flown from assessee’s own money, hence not assessable in hands of assessee