2010 (1) TMI 24

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..... firm and one of employees deposed in the course of search that the excessive milk used to be sold in different names of benami dairies tun in the names of the employees – ITAT deleted the addition of Rs.8,68,000/- relating to unexplained investment in purchase of milk for sale in benami names of the firms/employees – ITAT deleted the addition of Rs.8,02,460/- relating to the income in benami name .....

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..... of milk at Rs.93,40,998/- even though in the course of search the main partner of the Firm admitted that the four concerns were benami concerns of the assessee firm and one of employees deposed in the course of search that the excessive milk used to be sold in different names of benami dairies tun in the names of the employees" ? 2. "Whether on the facts and in the circumstances of the case, th .....

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