DCIT,CIRCLE-I, LUDHIANA, LUDHIANA vs. ADINATH TEXTILES LIMITED, LUDHIANA

In the result both the appeal filed by the Revenue and Cross objection filed by the Assessee are dismissed

Bench: the appeal is finally heard or disposed off.

1,65,25,000/- were made in respect of purchases made during the year under consideration. So, even the assessee had filed confirmed copy of account, ITR and Bank statement of party and, thus, no adverse view needed to be drawn. Similarly, in respect of ‘Klaap Vyappar Pvt. Ltd.’, the payment have been made in respect of purchases made during