MEASAGE SAT KARTAR SOLVEX PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR
In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above
ITA 27/ASR/2020[2014-15]Status: DisposedITAT Amritsar09 Jun 2023AY 2014-15
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
Section 144Section 250(6)
purchases are shown on credit of much longer period from bogus and paper concerns. M/s
Narula Solvex P Ltd. is a sister concern of the assessee company, operates in same line of business, managed by common management and accordingly it is natural that similar practice is adopted by the assessee also.”
6.1
Related argumentby challenging the maintainability of section 153D