Supreme Court · 1975 INSC 60 · Decided 4 March 1975
Mahendra Mills LTD. v. Shri P.B. Desai, Appellate Assistant Commissioner of Income Tax and ANR.
- Court
- Supreme Court of India
- Citation
- 1975 INSC 60 · [1975] 3 S.C.R. 846
- Case number
- CIVIL APPEAL No. 1793/1970
- Decided
- 4 March 1975
- Bench
- V.R. KRISHNA IYER, R.S. SARKARIA, A.C. GUPTA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Income Tax Act Section 35
Headnote
B Jnconw-Tax Act, 1961-5, 35-Scope of-Record of appeal-Mcn11i11g of. I~ the course of assessment of the income of the assessee for the year 1959-60 the Income-tax Officer found a discrepancy betwee11 the value of its .closing stock which ·was shown in its books as Rs. 5.89 lakhs a?d the Bank in which it was shown as Rs. 8.04. lakhs. 1 he Income-tax Officer rejected the explanation of the assessee regarding the discrepancy an.d C worked out the closing stock at Rs. 8.04 lr.khs. When the assessee's appeal against th's order was pending before the Tribunal, the Income-tax
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