DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. S S PULSES MANUFACTURING PVT LTD, DELHI

In the result, the appeal is partly allowed

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

253 ITR 341) that if on the examination of the evidence, it is found that there was no genuine transaction between the parties, a pure paper transaction could not have entitled the assessee to claim benefit under the law. Similarly, the Hon’ble Mumbai Tribunal held in the case of Balaji Textiles Industries

AGSON GLOBAL PVT. LTD,DELHI vs. ACIT CC-28, NEW DELHI