M/S. NIYATI FOODS PRIVATE LIMITED,JHARSUGUDA vs. ACIT, CIRCLE-1(1), BHUBANESWAR
ITA 160/CTK/2017[2006-07]Status: DisposedITAT Cuttack15 May 2018AY 2006-07
Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2006-2007
For Appellant: Shri Mahendra Kumar Kedia, ARFor Respondent: Shri D.K.Pradhan, DR
Section 131Section 250(4)Section 68
bogus companies, which are being used as conduit for rotating the money
despite no real business or physical existence. Hence, M/s Auroplast
Merchandise Pvt Ltd, M/s Saffire Export Agency Pvt Ltd, M/s Sun Rays
Agencies Pvt Ltd and M/s Vindya Agencies Pvt Ltd definitely fail on the
ground of "Identity" "Credit worthiness" and "Genuineness of Transaction"
as these are nothing
