The Commissioner of Income Tax-IV vs. M/s. Meghadoot Drillers,

2 of 7) [ITA-473/2011] to explain or rebut the same? 4. Whether under the facts and circumstances of the case and in law, the Tribunal should ought to have hold that the purchases from the alleged three parties are ingenuine solely on the basis that the material shown to be purchased from such parties does not find place

The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The appeal stands dismissed

purchaser M/s MEIPL was going to develop th land relating to 12 partners. Therefore, the land in pieces was brought by assessee company. It is not a case of the department that in lieu of cheques any cash was withdrawn from the bank and the same has been returned to the assessee. The general statement recorded of the Director that