https://www.taxtmi.com/caselaws?id=385071 The tribunal upheld the Commissioner of Income-tax (Appeals) decision to dismiss the appellant's appeal regarding assessment under section 143(3) of the Income Tax Act for the assessment year 2011-12. It confirmed the classification of M/s Vishal Agrotech and M/s Aditya Marine Limited as sister concerns, deemed transactions in castor oil and seeds as sham, and assessed total income against the returned loss. The tribunal found no merit in the appellant's additional grounds of appeal, emphasizing the lack of genuineness in the transactions and dismissing the appeal entirely. en-us Tue, 11 Jun 2019 00:00:00 +0530 Wed, 28 Aug 2019 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385071 The tribunal upheld the Commissioner of Income-tax (Appeals) decision to dismiss the appellant's appeal regarding assessment under section 143(3) of the Income Tax Act for the assessment year 2011-12. It confirmed the classification of M/s Vishal Agrotech and M/s Aditya Marine Limited as sister concerns, deemed transactions in castor oil and seeds as sham, and assessed total income against the returned loss. The tribunal found no merit in the appellant's additional grounds of appeal, emphasizing the lack of genuineness in the transactions and dismissing the appeal entirely. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385071