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Addition u/s. 68 justified if creditworthiness of creditor & genuineness of transaction not proved
Case Law Details
- Case Name
- Dr. D. Siva Sankara Rao Vs Income-tax Officer (Andhra Pradesh High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Andhra Pradesh HC
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HIGH COURT OF ANDHRA PRADESH
Dr. D. Siva Sankara Rao
Versus
Income-tax Officer
I.T.T.A.NO. 6 OF 2012
NOVEMBER 27, 2012
JUDGMENT
M.S. Ramachandra Rao, J. – This appeal is filed under Section 260-A of the Income Tax Act, 1961 (for short ‘the Act’) by the assessee challenging the order dated 16-03-2007 in I.T.A.No.8/Vizag/2006 of the Income Tax Appellate Tribunal, “SMC”, Visakhapatnam relating to the assessment year 2002-2003.
2. The Kartha of the appellant/assessee HUF by name Dr. D. Siva Sankara Rao is a medical practitioner running a hospital by name Siva Speciali...






