GALLANTT ISPAT LTD.,GORAKHPUR vs. DY./A.C.I.T. (CENTRAL WING), VARANASI

In the result, the appeal filed by the assessee is allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

245D(4) of the Act. Subsequently, the Assessing Officer received information from the Investigation Wing, Kolkata that the assessee has availed accommodation entry of Rs. 50 lakhs from M/s. Patridge Mercantile (P) Ltd., which is a paper company not doing any business. Based on this information the Assessing Officer reopened the assessment by issuing notice under section

MOUSAMI CHOUDHURY,VARANASI vs. DY. CIT, RANGE - 02,, VARANASI

In the result , the appeal filed the assessee in ITA No