Addition U/s 68 justified for Receipts from non-existent broker

Kerala Sponge Iron Ltd. Vs CIT (Kerala High Court) Heard the learned Senior Counsel for the petitioner and the learned Standing Counsel for the Revenue. 2. By this application, the respondent in I.T.A. No. 195 of 2014 is seeking review of the judgment dated 19-8-2015 whereby the questions of law framed for consideration of this Court was answered in favour of the Revenue and the order of the Tribunal was set aside. 3. The contention now raised by the learned Senior Counsel to impugn the judgment of this Court as erroneous, is that from Ext.R1 series of documents now produced, it is obvious...