Case Law Details
Case Name : Yagnesh Dayabhai Vyas Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Ahmedabad
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Yagnesh Dayabhai Vyas Vs ITO (ITAT Ahmedabad)
Ld. A.R. cited a judgment of ITAT Delhi Bench in the matter of Smt. Sudha Loyalka vs. ITO where A.O. made addition to assessee’s income under section 69C in respect of amount payable to creditors towards purchases, in view of fact that said purchases were duly recorded in books of account and sales made against those purchases were not disputed, impugned addition was to be set aside. ITAT held no addition could be made under section 41(1) in respect of unexplained pur Please become a Premium member. If you are already a Premium member, login here to access the full content.
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