ACIT, CIRCLE- 34(1), NEW DELHI vs. MADHUR JAIN, DELHI

In the result, the solitary ground of appeal of the learned AO is dismissed

Bench: Shri Amit Shukla & Shri Prashant Maharishi(Through Video Conferencing) Acit, Madhur Jain, Vs. Circle-34(1), C-2/4, Community Centre- New Delhi I, Ashok Vihar, Phase-Ii, New Delhi Pan: Agrpj0254C (Appellant) (Respondent)

disallowed the expenditure claimed by the Assesee and computed the total income of Rs. 12 41,10,187/-. On the question of bogus purchases, the Tribunal concurred with the Revenue‗s views that such purchases were made from bogus parties. The Tribunal noted that the Assessing Officer had issued notice to all the parties from whom such purchases were allegedly

RAJPAL TREHAN,NEW DELHI vs. ACIT, NEW DELHI