106 results for “bogus purchases”+ Reopening of Assessmentclear
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The appeal is allowed
Bench: B.MANOHAR,DILIP B.BHOSALE
purchased from M/s.B.M.Steels (P) Ltd., and leased to BSAL. In the reopening proceedings initiated by the Department, the discrepancies were pointed. During the enquiry, M/s. BPL Sanyo Finance Limited withdrew their claim for depreciation. Accordingly, the Assessing Officer concluded that BPL Sanyo Finance Ltd., is a party to such a bogus