PR COMMISSIONER OF INCOME TAX-I, JALANDHAR vs. M/S SUPERTECH FORGINGS PVT LTD

Appeal is dismissed

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

bogus purchases and the appeal was dismissed. Thereafter the respondent-assessee filed an appeal before the Tribunal. The Tribunal observed that the Assessing Officer had not applied his mind and merely relied upon the information received from the Investigating Wing and the statement of Sh. Madan Lal Pahuja. The said information was required to be corroborated and verified