Case Law Details
Case Name : ACIT Vs HN Agri Serve P. Ltd (ITAT Amritsar)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Amritsar
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ACIT Vs HN Agri Serve P. Ltd (ITAT Amritsar)
ITAT Amritsar held that section 68 of the Income Tax Act is not empowered to allow addition of sundry debtors/ advance to growers. Accordingly, addition of the same deleted.
Facts- The assessee is a dealer of fresh fruits and commission agent besides under a cold storage plant. In the preceding year for A.Y. 2016-17, the sundry debtors amount of Rs.6,14,67,226/- was reflected in the books of account of the assessee which was fin
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