THE COMMISSIONER OF INCOME TAX vs. M/S MAA COMMUNICATION BOZELL LTD
The appeal is allowed
ITA/523/2006HC Karnataka04 Sept 2013
Bench: B.MANOHAR,DILIP B.BHOSALE
Section 133ASection 143(1)Section 143(2)Section 148Section 260Section 260ASection 32Section 80M
bogus
transactions and there is no transaction of 103
M.S.Rolls from Mumbai to Bellary. On the basis of the
said survey report, a show cause notice was issued to
the assessee calling upon them to furnish certain
information as to why remedial action be not taken to
disallow the depreciation on assets leased to BSAL.
However, no reply has been