[aaykarbhavan] Illusionary entry passed by assessee to impress bankers and stakeholder didn't represent real income; not taxable

Illusionary entry passed by assessee to impress bankers and stakeholder didn't represent real income; not taxable

November 12, 2014[2014] 49 taxmann.com 403 (Calcutta)/[2014] 361 ITR 632 (Calcutta)

IT: Where illusory entry passed by assessee company to impress bankers and to please shareholders and same did not represent any real income/receipt, same would not be taxable

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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