Mere discrepancy in mentioning vehicles nos. on gate pass cannot make Purchases bogus

MADHYA PRADESH HIGH COURT CIT v. Prestige Foods Ltd. IT APPEAL NO. 23 OF 2010 JUNE 19, 2012 JUDGMENT Heard on the question of admission. 1. The respondent-Company derives income from manufacture of Soyabeen oil. The assessing officer for the assessment year 1992-93, vide order of assessment dated 27.3.1995, found the claim of the respondent-Company in respect of purchase of Soya seed from M/s. M.M. General Merchants, M/s. Garg Traders and M/s Nilesh Traders to be bogus and held that there was no delivery of goods by these parties. The Commissioner of Income Tax (Appeals-II),...