2026 (5) TMI 1399

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....ri Dayanand Jawalikar ORDER The captioned appeal filed by the Revenue and the Cross Objection by the assessee pertaining to A.Y. 2021-22 is directed against the order dated 01.09.2025 passed by Addl/JCIT(A) Panchkula arising out of Assessment Order dated 24.12.2018 passed u/s. 143(3) r.w.s.147 of the Income Tax Act, 1961 (in short 'the Act'). 2. Revenue's sole grievance is that ld.CIT(A) ....

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....of shell companies in Maharashtra VAT cases, notice u/s. 148 of the Act issued and re-assessment proceedings u/s. 143(3) r.w.s.147 of the Act were carried out. During the course of proceedings, ld. Assessing Officer took note of the purchases of Rs. 17,31,143/- which was from the parties identified by the Investigation Wing as bogus bill providers. Though the assessee has contented that the purcha....

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....d the entire purchases cannot be held as bogus and accordingly concluded the proceedings giving part relief to the assessee restricting the disallowance at Rs. 2,16,393/-. 6. Before me, on one hand, the Revenue is contending to confirm the action of the Assessing Officer. On the other hand, ld. Counsel for the assessee supported the order of ld.CIT(A) and also referred to the income offered in ....