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

e] Ld. CIT(A) has committed an error in interpreting the provisions of law discussing at para 6.5 of the impugned Order-in-Appeal and disallowed the purchase made by the appellant holding simply relying on bank payment and showing monthly stock statement and claiming purchase is genuine has not been proved. It is submitted that making payment through banking

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

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