ASTT. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, AAYAKAR BHAWAN vs. WARYAM STEEL CASTING PRIVATE LIMITED, KANGANWAL ROAD
In the result, appeal of the assessee is allowed and the Cross appeal of the Revenue is dismissed
ITA 757/CHANDI/2024[2019-20]Status: DisposedITAT Chandigarh14 May 2025AY 2019-20
Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)
For Appellant: Shri Ashwani Kumar, C.A and Ms. Muskan Garg, C.AFor Respondent: Shri Ved Parkash Kalia, Sr. DR
Section 115JSection 148Section 250
147, computing the total income at Rs. 4,73,64,687/- by disallowing purchases deemed bogus.
3.1
The AO found that M/s Gauri Shankar Trading Co. (GSTC) was a fraudulent entity with no actual business, based on investigations by the DGGI, GST Intelligence, Delhi Zone, and the Income Tax
Department’s Investigation Wing. Rahul Pratap Singh, the proprietor of GSTC