https://www.taxtmi.com/caselaws?id=26493 The Income-tax Appellate Tribunal upheld the enhancement to income by including excess sale proceeds and unexplained cash credits in the accounts of Ganesh Trading Company and Mahavir Trading Company, finding them as benamidars of the assessee. However, the Tribunal found an error in enhancing the income of M/s. Shivshankar & Co. as it was beyond the jurisdiction of the Appellate Assistant Commissioner. The enhancements related to Ganesh Trading Company and Mahavir Trading Company were justified and sustained, while the enhancement related to Shivshankar & Co. was set aside. en-us Sat, 31 Aug 1985 00:00:00 +0530 Fri, 05 Feb 2010 13:33:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26493 The Income-tax Appellate Tribunal upheld the enhancement to income by including excess sale proceeds and unexplained cash credits in the accounts of Ganesh Trading Company and Mahavir Trading Company, finding them as benamidars of the assessee. However, the Tribunal found an error in enhancing the income of M/s. Shivshankar & Co. as it was beyond the jurisdiction of the Appellate Assistant Commissioner. The enhancements related to Ganesh Trading Company and Mahavir Trading Company were justified and sustained, while the enhancement related to Shivshankar & Co. was set aside. Case-Laws Income Tax Sat, 31 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26493