NASA AGRO INDUSTRIES PRIVATE LIMITED,FAZILKA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-II, BATHINDA
In the result, the appeal filed by the assessee is allowed for statistical purpose
ITA 236/ASR/2023[2011-12]Status: DisposedITAT Amritsar26 Sept 2025AY 2011-12
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
For Appellant: Sh. Y. K. Sud & Sh. P. K. Anand, CAs
Section 132Section 142(1)Section 143(3)Section 148Section 153cSection 250
32. Ground No 4 (already discussed above )
33. Ground no 5 : Here the Ld A/R of the assessee has prayed that in case the
alleged purchases are treated as bogus, in such a situation, he prays that the entire
purchase alleged as bogus amounting to Rs. 51.57 lakhs should not be disallowed but
only the profit element embedded in such