RI-BHOI ISPAT & ROLLING MILLS,BYRNIHAT vs. ITO, WARD- BYRNIHAT, BYRNIHAT

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

c] The department has not verified and confirmed the supply of goods directly from the concerned person rather, received incomplete information from third party which is not tenable in law. It is settled by the Hon'ble Apex Court, wherein it has been held in the case of Commissioner of Income Tax Vs. Odeon Builders Pvt. Ltd., reported

D.C.I.T., CIRCLE-1, DIBRUGARH vs. RAVI BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed