2009 (2) TMI 10

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..... ven an opportunity, revenue has not been able to bring anything to the contrary – there is no perversity in the conclusions arrived at by the authorities below – revenue’s appeal dismissed - 24 of 2009 - - - Dated:- 16-2-2009 - VIKRAMAJIT SEN and RAJIV SHAKDHER JJ. Mr R D Jolly, Advocate for the appellant. None for the respondent. ORDER 1. This is an appeal by the Revenue un .....

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..... to Rs 1,45,60,408/-from one M/s Utkarsh Udyog Samiti, which, in turn, had purchased the acid slurry from Kanishka Chemicals Pvt Ltd. The department had contended that Utkarsh Udyog Samiti had claimed a status of a religious trust, and had filed a loss return. Likewise, it was contended that Kanishka Chemicals Pvt Ltd had also filed a return declaring a loss. Consequently it was urged by the depart .....

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..... y same purchase made by Utkarsh Udyog Samiti from one Kanishka Chemicals Pvt Ltd have been deleted as the transaction between Utkarsh Udyog Samiti and Kanishka Chemicals Pvt Ltd was found to be genuine. 4. We had asked the learned counsel for the Revenue, Mr R.D. Jolly as to whether the matter had been carried up in appeal after the CIT(A) had found transaction between Utkarsh Udyog Samiti and .....

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