PANCHSHEEL REALTECH PVT. LTD.,NOIDA vs. DCIT, GHAZIABAD
Appeals are partly allowed
ITA 5062/DEL/2016[2009-10]Status: DisposedITAT Delhi22 Jun 2017AY 2009-10
Bench: Shri I. C. Sudhir & Shri O. P. Kanti.T. Appeal Nos. 5087 To 5091/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Buildtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 3492 N A N D I.T. Appeal Nos. 5062 To 5066/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Realtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 5726 F (Appellants) (Respondents) Assessee By : Shri Sanjay Mehra, C. A.; Department By : Ms. Paramita Tripathy, Cit [Dr]; Date Of Hearing : 27.03.2017 Date Of Pronouncement : 22.06.2017 O R D E R Per I. C. Sudhir, J. M. :
For Appellant: Shri Sanjay Mehra, C. AFor Respondent: Ms. Paramita Tripathy, CIT [DR]
Section 153A
2. That receipt of materials and utilization thereof having been conclusively proved, the ld AO has erred in making the impugned addition and the ld CIT (A) has erred in sustaining the same in view of the well settled law that if purchases themselves are not bogus but are shown to have been made from bogus parties, not the entire
