In the result, the appeal of the assessee is partly
Bench: Shri Sanjay Garg & Ms. Annapurna Guptam/S Austees Hydro Power & Vs. The Income Tax Officer, Construction Company (P) Ltd., Bilaspur Distt. Bilaspur Vpo Bahot Kasol, Tehsil Sadar, (Hp). Distt Bilaspur (Hp), Through Its Authorised Signatory Pan: Aafca8697M & The Income Tax Officer, Vs. M/S Austees Hydro Power & Bilaspur Distt. Bilaspur Construction Company (P) Ltd., (Hp). Vpo Bahot Kasol, Tehsil Sadar, Distt Bilaspur (Hp), Through Its Authorised Signatory Pan: Aafca8697M (Appellant) (Respondent)
bogus, but has also accepted that purchases to the extent of Rs.1.24 crores were made by them from Nikhil Filling station for supplying to the assessee, believing the version /statement of the manager of the filling station. The conclusion derived by the Ld.CIT(A) is clearly not sustainable. Therefore, in our view, the entire exercise of the Revenue