05 December 2009
Whether ITO can add back the Cash Sales, when an assessee is not in position to give the name and addresses of all the buyers,, even though the entire sales has already been declared in the Profit and Loss a/c Please do reply me at sarjiwan@in.com +9855738904 I shall be thankful to all of you
06 December 2009
The ITO cannot add back cash sales because whole cash has been already taken into account as income.
It is neither cash credit u/s 68, not unexplained investment u/s 69, unexplained money u/s 69A, Amount of investments not fully disclosed u/s 69B nor unexplained expenditure etc. u/s 69C.
06 December 2009
Dear Sir Thanks for the same. I further request you to provide me a solid judgement on the same or please mail me the relevant material at ofc2@in.com Regards Sarjiwan Gupta
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