INDITRADE BUSINESS CONSULTANTS LIMITED,ERNAKULAM vs. DCIT, CORPORATE CIRCLE 1(1), KOCHI

In the result, the appeal by the assessee is allowed for statistical purposes

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

143(3) read with section 144B of the Act, held that the genuineness of the transaction could not be ascertained in respect of these 13 parties. Accordingly, the purchases total amounting to INR 3,34,87,077 were treated as bogus purchases, and accordingly amount of INR 3,34,87,077 was treated as an unexplained expenditure under section

YENKEY ROLLER FLOUR MILLS,CALICUT vs. DCIT C-1(1), KOZHIKKODE

In the result, the appeal filed by the appellant stands allowed