2013 (10) TMI 1423

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..... one Shankar Lal Patidar but the said licence was cancelled by the Excise Department and the amount of licence fees deposited by the petitioner was forfeited by the Excise Department, the assessee is entitled to set off on account of such forfeiture. - Income Tax Appeal No.59/2013 - - - Dated:- 8-10-2013 - Shantanu Kemkar and Mool Chand Garg, JJ. Shri R.L. Jain, learned Senior Counsel with .....

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..... n appeal preferred by the assessee, the CIT (Appeals) after examining the record has held, as under: Thus in view of the aforesaid discussion the addition made by AO at ₹ 3,93,67,000/which was actually ₹ 2,32,33,500/as discussed above, is not found to be sustainable on account of latter confiscation of the amount so deposited, by Collector, Mandsaur and accordingly the entire addit .....

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