ITAT Ahmedabad held on 6.1.2020 that the provisions of section 68 cannot be applied in relation to the sales receipt as the sales receipt has already been shown in the books of accounts as income at the time of sale only particularly when the purchases have been accepted, then the corresponding sales cannot be disturbed without giving any conclusive evidence/finding. No addition can be made on this ground.
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83 total views The provisions of section 68 cannot be applied in relation to the sales receipt as the sales receipt has already been shown in the books of accounts as income at the time of sale only particularly when the purchases have…
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