ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR vs. M/S PUNJAB RICE LAND PRIVATE LIMITED, TARN TARAN

In the result, both the appeals of the revenue are dismissed and

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

bogus purchases from M/s Raghveer Singh Davinder Kumar and that the then AO has accepted the purchases in A.Y. 2011-12 ignoring the fact that later on entry provider had gone to Hon’ble ITSC accepting that the concerned bank accounts were used for providing accommodation entry. However, the Ld. DR has failed to file documentary corroborative evidence or judicial

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR vs. M/S PUNJAB RICE LAND PRIVATE LIMITED , TARN TARAN

In the result, both the appeals of the revenue are dismissed and