Bogus Purchase: AO cannot ignore PAN, VAT Returns without any inquiry at his end

DCIT Vs. PES Installations Pvt. Ltd. (ITAT Delhi)

In paper book filed before us at page 222, copy of remand report has been placed. Ld. AO observed therein that, mere filing PAN numbers or assessment particulars, VAT returns and copy of sales tax RC etc., do not establish identity of persons. He further notes that actual and true identity of persons or company was business undertaken by them. PAN numbers/registration of VAT are allotted on basis of application, without actual defacto verification of identity or ascertain

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