conducted u/s 133A of the Act on M/s. Sikkim Ferro Alloys Ltd and its
group concerns, it was revealed that various companies controlled ... investment worth Rs.8,49,99,600/- in M/s. Sikkim Ferro
Alloys Ltd by paying huge premium. The AO noted that the assessee
Sikkim Ferro Alloys Ltd, Mumbai vs Dcit Cen Cir 6, Mumbai on 11 August, 2021
IN THE INCOME TAX APPELLATE TRIBUNAL
"G" Bench ... Years: 2007-08 & 2011-12)
DCIT,CC-1(4) Sikkim Ferro Alloys Limited
Room No.902, 9th Floor 2nd Floor, Apsara Cinema Bldg
Dandeli Ferro Alloys (P.) Ltd. vs Income-Tax Officer on 16 May, 1988
Equivalent citations: [1989]28ITD146(MUM)
ORDER
I.S. Nigam, Accountant Member
Chemicals & Ferro Alloys P. Ltd, Mumbai vs Assessee on 11 December, 2012
आयकर अपीलीय अिधकरण,
अिधकरण मुंबई Ûयायपीठ 'सी ' मुंबई ... Assessment Year :2003-04
M/s. Chemicals & Ferro बनाम/
बनाम The ACIT 1(1),
Alloys Pvt. Ltd., Vs. Aayakar Bhavan,
Liberty Building, Mumbai
Mumbai vs M/S M M Ceramics & Ferro Alloys, Mumbai on 1 March, 2021
IN THE INCOME TAX APPELLATE TRIBUNAL "D" BENCH
unexplained."
11. During the assessment proceedings, AO observed that Sikkim Ferro Alloys
Ltd. had made certain bogus purchases from my company Sunrise Metallic India ... supposed to receive payment against the said bogus sales to Sikkim Ferro Alloys
Ltd. In turn, I had to pay him Cash for the said
Infrastructure Leasing & Financial ... vs Addl. Cit, Range-10(1), Mumbai on 30 April, 2019
Mithalal D Mutha, Mumbai vs Ito Wd 16(3)(1), Mumbai on 27 October, 2017
Bombay High Court in the case of
M/s. Ferro Alloys Corpn. Ltd. vs. CIT (196 ITR 406).
23. Ld. AR of the assessee submitted ... assessee submitted that the facts in
the case of M/s. Ferro Alloys Corpn. Ltd. vs. CIT (196 ITR 406) are
distinguishable and further submitted
erred in giving Opportunity of Cross Examination of M/s
Sikkim Ferro Alloys Ltd. and its Group Concern, on the basis of statement
given ... course of survey proceedings in the case of
M/s Sikkim Ferro Alloys Limited and its group concerns documents
related to the assessee
