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2017 (1) TMI 932 - AT - Income TaxUnaccounted purchases - Held that:- Upon examination of the records the learned CIT(Appeals) has given a finding that the stock of red chillies lying with Best Cold Storage was out of the opening stock of the assessee and cannot be said to be an unaccounted purchase. Hence find that the above order of Learned CIT(Appeals) is cogent one and does not need any interference. - Decided in favour of the assessee Interest free advances to Hanuman Tractors - Held that:- There is no infirmity in the finding of learned CIT(Appeals). Learned CIT(Appeals) has given a finding that the advances were for business expediency as the parties were in the farm vehicle and supply business related to the assessee. The short term advance to them is compensated by business provided by them - Decided in favour of the assessee
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