NEZONE TUBES LIMITED,KOLKATA vs. DCIT, CIRCLE 1(1), KOLKATA

In the result, the appeal filed by the assessee is allowed

Bench: Shri George Mathan & Shri Rakesh Mishra

purchase order received by the assessee regarding the alleged sale. Therefore, in the absence of adequate evidence it cannot be concluded that this sale was actually made during the year and it was not an accommodation entry. 3.3 As per section 68 of the I.T. Act, 1961 where any sum is found credited in the books of an assessee maintained