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

Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay

set aside only on the specific issue of determination of additional net profit embedded in theses bogus purchases made by the assessee. The assessing Officer is directed to make assessment after giving reasonable opportunity of being heard to the assessee.” 14. Now, in course of hearing before the Tribunal, the ld. AR of the assessee submitted that in the instant