The Commissioner of Income Tax And Another Versus M/s New Light Raw Hide Co. - Income Tax - ALLAHABAD HIGH COURT - HC - Genuineness of unexplained creadits - Penalty u/s 171(1)(c) - Held that - The A.O. did not carry out any enquiry after remanding of the issue - The enquiry in the previous assessment is not sufficient to make addition towards unexplained creditors - The enquiry carried out for the accounting period 1.4.1997 to 31.3.1998 in the year 2001 after lapse of three years would not resu................................... Income Tax - Case Laws
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