COMMISSIONER OF INCOME TAX DELHI IV vs. ESCORTS FINANCE LTD.

Appeal is partly allowed

Bench: HON'BLE MR. JUSTICE A.K.SIKRI,HON'BLE MR. JUSTICE VALMIKI J. MEHTA

bogus sales or purchases have been treated as that of concealment or inaccuracy in particulars of income by the judicial pronouncements (See Krishna v. CIT, 217 ITR 645, Rajaram v. CIT, 193 ITR 614 and Beena Metals, 240 ITR 222). 14. In the present case, we have to examine as to whether the claim made under Section 35D

GOLF TECHNOLOGIES PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeals of the assessee are allowed