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2013 (12) TMI 550 - DELHI HIGH COURTFreight and forwarding expenditure - Held that:- The Assessing Officer and the higher authorities fell into error in relying solely on the testimony and deposition of one Vineet Bhargava who stated that the freight expenses did not reflect actual expenditure or transactions - The pre-condition for adding back such amounts or disallowing the expenditure so that it could attract Section 68 was the exactitude with which the transaction could be pin pointed - Decided in favour of assessee. Unexplained income - Held that:- This credit balance had been reflected in the previous years’ books and also subjected to assessment - No question of law arises for interpretation in this appeal - Decided in favour of assessee.
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