Once source is proved, it is not possible to treat deposits collected from public under provisions of Companies Act as unexplained credits

CASE LAWS DETAILS

DECIDED BY: ITAT, COCHIN BENCH, COCHIN,

IN THE CASE OF: The Mathrubhumi Printing & Publishing Co. Ltd. Vs DCIT, APPEAL NO: ITA Nos. 143 & 144/Coch/2006, DECIDED ON September 25, 2009

RELEVANT PARAGRAPH

10. There is no dispute on th

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