IT : Where assessee in return of income under head 'income from other sources' had shown certain income as commodity income received from a party and it was not relatable to business of assessee and was a sham transaction, said income would fall under section 68, being unexplained cash receipts

IT : Where assessee in return of income under head 'income from other sources' had shown certain income as commodity income received from a party and it was not relatable to business of assessee and was a sham

transaction, said income would fall under section 68, being unexplained cash receipts

[2013] 38 taxmann.com 390 (Punjab & Haryana)

HIGH COURT OF PUNJAB AND HARYANA

Dulari Digital Photo Services (P.) Ltd.

v.

Commissioner of Income-tax, Ludhiana (Punjab)