Case Law Details
Case Name : M/s Kuber Securities Ltd. Vs. ACIT, Circle 5(1) (ITAT Delhi)
Appeal Number : ITA No. 134/Del./2011
Date of Judgement/Order : 17/02/2012
Related Assessment Year : 1996-97
Courts :
All ITAT ITAT Delhi
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Balance in the shares account is Rs. 23,52,580/- whereas as per books of account and as per trial balance it is Rs. 22,93,130/- and assessee has failed to explain the difference or substantiate his plea that there is no difference. As such, it is held that since assessee has not been able to explain the difference, therefore, addition is called for which has rightly been confirmed by the CIT(A) whose action is further confirmed and this ground appeal of the assessee is dismissed.
INCOME TAX APPELLATE TRIBUNAL, DELHI
ITA No. 134/Del./2011, (Assessment Year: 1996-97)
M/s Kuber Securities Ltd.
Vs.
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