JALALABAD SOLVEX PRIVATE LTD,JALALABAD vs. PR COMMISSIONER OF INCOME TAX , AMRITSAR-1, PR COMMISSIONER OF INCOME TAX
In the result, the appeal filed by the assessee is allowed
ITA 117/ASR/2024[2014-2015]Status: DisposedITAT Amritsar29 Jan 2025AY 2014-2015
Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay
For Appellant: Sh. Ashwani Kalia, C.A
Section 143(1)Section 143(3)Section 144BSection 147Section 148Section 263Section 263(1)
bogus purchase
amounting to Rs.3.34 crores were required to be added to the assessee’s total income
u/s 69 of the Act. It was also pointed out in the audit report that even if it is to be
presumed that the assessee company has made purchase from the gray market and the
said purchases have been shown in the books
