9. After considering the rival submissions, I am of the view that the Assessing Officer was required to make proper enquiries before reaching to the conclusion that the transaction of commodity profit was bogus. In my view, the interest of ...
2. The only effective issue to be decided in the instant appeal is that whether the income of the assessee club would be taxable at maximummarginal rate u/s.167B of the Act or at slab rates applicable to Association Of ...