INDO LAHRI BIO POWER LTD, RAIPUR,RAIPUR vs. ITO, WARD-1(1), RAIPUR, RAIPUR
In the result, appeal of the assessee company is allowed for statistical purposes in terms of the aforesaid observations
ITA 529/RPR/2024[2017-18]Status: DisposedITAT Raipur08 Jan 2025AY 2017-18
Bench: Shri Ravish Soodआयकर अपील सं. / Ita No.529/Rpr/2024 "नधा"रण वष" / Assessment Year : 2017-18 Indo Lahri Bio Power Limited 38, Saheed Smarak Complex, G.E. Road, Raipur (C.G.)-492 001 Pan : Aaaci9125K .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer, Ward-1(1), Raipur (C.G.) ……""यथ" / Respondent
For Appellant: Shri Bikram Jain, CAFor Respondent: Smt. Anubhaa Tah Goel, Sr. DR
Section 115BSection 143(3)Section 250Section 68
demonetization, these purchases & sales were manufactured.
9. From 03/04/2016 to 30/09/2016, all purchases were shown in cash, but no deposits were made in bank despite of huge cash balance shown at hand, neither payment were made for the
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Indo Lahri Bio Power Limited Vs. ITO, Ward-1(1), Raipur
ITA No.529 /RPR/2024
purchases. It proves that sales were bogus
