Commissioner of Income Tax Versus M/S. Awadh Fertilisers P. Ltd. - Income Tax - ALLAHABAD HIGH COURT - HC - Addition u/s 69 and penalty u/s 271(1)(c) of the Income tax Act Held that - The revised return had been acted upon by the Assessing Authority and in fact, the loss of Rs. 13,87,540/- declared by the assessee in the revised return filed on 24.3.1992, had been accepted in toto. The bonafide of the assessee is therefore established because it was not able to produce the necessary documentar................................... Income Tax - Case Laws
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