PRATIBHA PIPES AND STRUCTURALS LTD,MUMBAI vs. DCIT CEN CIR 17 & 28, MUMBAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri G Manjunatha () & Shri. Ravish Sood ()

section 153D of the I.T.ACT, 1961. Hence, we reject additional ground taken by the assessee. 19. The next issue that came up for our consideration is addition towards bogus purchases

HELIOS MERCANTILE LIMITED ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation