M/S. EXOTICS FATS EXIM,RAIPUR vs. INCOME TAX OFFICER, WARD-4(4), RAIPUR
The appeal of the assessee is dismissed in terms of the aforesaid observations
ITA 130/RPR/2022[2010-11]Status: DisposedITAT Raipur26 Dec 2022AY 2010-11
Bench: Shri Ravish Soodआयकर अपील सं./ Ita No.130/Rpr/2022 "नधा"रण वष" / Assessment Year : 2010-11 M/S. Exotics Fats Exim 3Rd Floor, C/O. Dayalal Meghji & Co., Dm Plaza, Chhotapara, Raipur (C.G.)-492 001 Pan : Aacfe1065H .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer, Ward-4(4), Raipur (C.G.) ……""यथ" / Respondent
For Appellant: Shri Sunil Kumar Agrawal, CAFor Respondent: Shri G.N Singh, Sr. DR
Section 145(3)Section 147Section 148Section 151
section 145(3), addition of Rs.1,40,260 is liable to be deleted.
2. On the facts & circumstances of the case and in law, ld. AO
& Id. CIT(A) has erred in disallowing Rs.1,40,260 which is 25%
of the alleged bogus purchases at Rs.5,61,050 considered by the ld. AO from M/s. Syndicate Corporation, Raipur; arbitrary/
baseless
