BADRINATH SALES PRIVATE LIMITED,ADITYAPUR, WEST SINGHBHUM vs. DCIT/ACIT CIRCLE 1 JSR, JAMSHEDPUR

In the result, the appeal of the assessee is allowed

32 of this submission for your kind reference.\n1.3.5 That the assessing officer erred in passing order under section\n144 of the Act after considering the reply filed by the assessee in\nresponse to notice issued under section 142(1) by the assessing\nofficer which is not in accordance with the accepted and well\nestablished norms of assessment and therefore

ACIT, C.C.-1, RANCHI vs. M/S CHINTPURNI STEEL PVT. LTD.,, RANCHI

In the result, appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

purchase of steel scraps. Accordingly the AO came to the conclusion that the money received from Shree Mahalaxmi Steels is bogus and is accommodation entry and accordingly the same was added to the income of the assessee in the assessment framed u/s 143(3) of the Act dated 4.3.2016. 4. In the appellate proceedings, the Ld. CIT(A), after discussing