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1984 (4) TMI 37 - HC - Income Tax

The High Court of Patna, in a reference under s. 256(1) of the I.T. Act, 1961, held that the Tribunal was justified in deleting the addition of Rs. 15,295 in Goshala and Dharmada accounts for the assessment year 1969-70. The court cited the settled law from the Supreme Court regarding Dharmada amounts not being part of the price of goods purchased. The decision was in favor of the assessee, and no costs were awarded.

 

 

 

 

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