M/S PSP TRADING PVT LTD,PATNA vs. ITO, WARD- 2 (1), PATNA

In the result, the appeal of the assessee is allowed

270. The case of the assessee was reopened u/s 147 of the Act by issuing notice u/s 148 of the Act on 25.03.2022, on the ground that the assessee has made bogus and fictitious purchases worth of\n₹49,98,500/- during the year from Divine Alloys & Power Co. Ltd. without actual supply of materials . The assessee filed the return

AJAY KUMAR GHOSH,PATNA vs. ACIT, CIRCLE-4, PATNA

In the result, the appeal of the assessee is allowed