DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED , PATNA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

DCIT, CENTRAL CIRCLE- 4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED, KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

BALMUKUND CEMENT & ROOFINGS PVT. LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

DCIT CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND LEASE FIN PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

via the network of shell companies.\nThe entry operator clearly explained the circular trading of bogus purchases and sales\nthrough bank guarantees/LC. The entry provider is giving the purchase entry as well\nthe sales entry also. As a result, the entire circuit of the bogus sale is started and\nended at the entry operator only However, the assessee had already

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

via the network of shell companies. The entry operator clearly explained the circular trading of bogus purchases and sales through bank guarantees/LC. The entry provider is giving the purchase entry as well the sales entry also. As a result, the entire circuit of the bogus sale is started and ended at the entry operator only However, the assessee had already

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

via the network of shell companies. The entry operator clearly explained the circular trading of bogus purchases and sales through bank guarantees/LC. The entry provider is giving the purchase entry as well the sales entry also. As a result, the entire circuit of the bogus sale is started and ended at the entry operator only However, the assessee had already

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

via the network of shell companies. The entry operator clearly explained the circular trading of bogus purchases and sales through bank guarantees/LC. The entry provider is giving the purchase entry as well the sales entry also. As a result, the entire circuit of the bogus sale is started and ended at the entry operator only However, the assessee had already

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

via the network of shell companies. The entry operator clearly explained the circular trading of bogus purchases and sales through bank guarantees/LC. The entry provider is giving the purchase entry as well the sales entry also. As a result, the entire circuit of the bogus sale is started and ended at the entry operator only However, the assessee had already

GOPAL & SONS HUF,KOLKATA vs. I.T.O., WARD - 32(1), KOLKATA, KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

via the network of shell companies. The entry operator clearly explained the circular trading of bogus purchases and sales through bank guarantees/LC. The entry provider is giving the purchase entry as well the sales entry also. As a result, the entire circuit of the bogus sale is started and ended at the entry operator only However, the assessee had already