Home › Income-Tax Act › Dy.CIT v. BMI Whole sale Trading (P.) Ltd. (2020) 203 TTJ 797 (Mum.)(Trib.) Dy.CIT v. Brand Marketing (India) (P) Ltd. (2020) 203 TTJ 797 (Mum.)(Trib.)

Dy.CIT v. BMI Whole sale Trading (P.) Ltd. (2020) 203 TTJ 797 (Mum.)(Trib.) Dy.CIT v. Brand Marketing (India) (P) Ltd. (2020) 203 TTJ 797 (Mum.)(Trib.)

S. 56 : Income from other sources-No fresh money received during the year-No addition can be made. [S. 56(1)]

It was held that the fact that no fresh monies have come into the books of  account.  The addition  made under section 56(1) is  deleted. (AY. 2010-11, 2011-12, 2012-13)