M/S. EXIM INDIA OIL COMPANY LTD,CUTTACK vs. DCIT, CUTTACK
In the result, appeal of the assessee is partly allowed for statistical purposes
ITA 70/CTK/2008[1998-99]Status: DisposedITAT Cuttack08 Jun 2022AY 1998-99
Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 1998-99 M/S. Exim India Oil Company M/S. Exim India Oil Company Vs. Dcit, Circle Dcit, Circle-1(1), Ltd., At:N.H-5, Tiberwal Nagar, 5, Tiberwal Nagar, Cuttack Jagatpur, Cuttack Jagatpur, Cuttack Pan/Gir No. No.Aaace 3929 K (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri B.K. Tiberwal Tiberwal, Md Revenue By : Shri M.K.Gautam, Cit ( Cit (Dr) Date Of Hearing : 8/6/ 20 / 2022 Date Of Pronouncement : 8 /6 6/2022 O R D E R
For Appellant: Shri B.K. TiberwalFor Respondent: Shri M.K.Gautam, CIT (
Section 143(3)Section 43BSection 68
disallowed and added the investment in share capital of different persons in the hands of the appellant company on the ground that the transactions are not genuine and bogus. In this context it is submitted that during the course of 1st Appeal proceeding the appellant submitted photo copy of the Original Affidavit which were impounded
