THE COMMISSIONER OF INCOME TAX vs. M/S MAA COMMUNICATION BOZELL LTD

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

SRI C M MAHADEVA S/O SRI MANCHE GOWDA vs. THE COMMISSIONER OF INCOME TAX

The appeal stands allowed

Bench: B.MANOHAR,VINEET SARAN

purchase of a residential house for Rs.10 lacs. 11. In response to the summons issued, the assessee had informed that the source of investment was from the HUF funds. The Assessing Officer does not state that such explanation was not correct, nor does he give reasons for not accepting such explanation given by the assessee in response to the summons

COMMISISONER OF INCOME TAX vs. OHIO UNIVERSITY CHRIST COLLEGE

Bench: S.SUJATHA,VINEET KOTHARI

bogus. It is also not brought to our notice that the Income-tax Officer doubted the said entries and called upon the assessee to produce the accounts of the college and that the assessee failed to produce the same.” 10. In Commissioner of Income Tax v. Trustees of H.E.H. the Nizam’s Charitable Trust (supra), the Division Bench of Andhra