finished goods i.e. processed fabric, raw material,
i.e. Grey fabric and fabric in process i.e. fabric duly printed and
physically lying ... statements made in the statements relied for
making this demand.
Excise Appeal Nos.70780 & 70781 of 2016
11
All the persons whose statement were
case, the statement
recorded is of third party who gave statement in context of other
group i.e. D'décor Home Fabrics Private Limited ... dyeing of fabrics. Bills have
been raised by M/s. Shiv Shakti Enterprises on the dyeing work done
on the fabrics. Statement of Smt. Sheela
three pages of this statement?
Ans. Yes, I have given this statement and signed the same. (A copy of the statement is taken on record ... have stated that Gayatri Fabrics was engaged in hand processing of fabrics. Which is the correct statement i.e. whether statement recorded
carried out fabrication work of the
assessee firm. As far the fabrication charges paid to two
contractors whose statements were recorded and which
amounted ... fabrication charges were not signed by the contractors
who had also denied receipt of any fabrication charges
which clearly established that the fabrication charges
were
based solely on the bank statements; the Commissioner had wrongly presumed that the said statements were sworn statements. The statements were returns filed ... officers. The aggregate quantity of fabrics recorded in the RG1 was more than the fabric shown in the bank statements. As regards the sacks
suppliers, copies of invoices for purchases as well as copies of
bank statement all of which would indicate that the purchases were in
fact made ... Gujarat High
Court in the case of CIT v, Nangalia Fabrics Pvt. Ltd. [Tax Appeal No.
689 of 2010] dated 22.04.2013 wherein on similar issue
Steel Fabricators carried on activity of heavy lathe work as a speciality apart from fabrication, Industrial Fabricators did planner jobs. Mohit Steel Fabricators ... Gulati had any control over the functioning of Industrial Fabricators or Mohit Steel Fabricators. The statement of Shri V. B. Gulati as recorded showed that
Shri B. Rama Raju vs Sebi on 12 May, 2017
Author: J.P. Devadhar
Bench
Authority was equally false. Shri Dev Shankar Sharma brought out truth. Fabricated statements came from Ludwani and Nachani. The story of gold purchase from ... delivery to Padam Chand. Entire plea of Nachani was false and fabricated.
9. The gold seized upon examination by approved valuer proved
cause notices. Hence, the AO's inference regarding submission
of fabricated bank statement by the assessee has substance
because why an assessing officer will ... observed that AO's inference regarding the
assessee filing fabricated bank statement is correct. On merits, the AO
took note that all the credits
