https://www.taxtmi.com/caselaws?id=11417 Assessing Officer doubted identity, capacity of creditors and genuineness of loan receipts, leading to additions under tax provisions; the first appellate authority wrongly refused admission of two confirmatory letters where there was no record that the taxpayer had been given opportunities and failed to produce them, so the appellate power to receive additional evidence should have been exercised in favour of admission. Separately, processing charges received were held not part of export turnover because turnover for export purposes comprises only sale proceeds of goods or merchandise, excluding ancillary processing fees. en-us Fri, 06 Jun 2003 00:00:00 +0530 Thu, 05 Feb 2026 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11417 Assessing Officer doubted identity, capacity of creditors and genuineness of loan receipts, leading to additions under tax provisions; the first appellate authority wrongly refused admission of two confirmatory letters where there was no record that the taxpayer had been given opportunities and failed to produce them, so the appellate power to receive additional evidence should have been exercised in favour of admission. Separately, processing charges received were held not part of export turnover because turnover for export purposes comprises only sale proceeds of goods or merchandise, excluding ancillary processing fees. Case-Laws Income Tax Fri, 06 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11417