Dismissing the appeal of the revenue the court held that the Tribunal has given finding that the assessee has produced copies of invoices and challans, proof of payments, bank statements, transportation payments, vouchers for movement of goods etc, accordingly revision was held to be not valid .
CIT v. Century Plyboards (I) Ltd. (2019) 103 taxmann.com 178 / 262 Taxman 14 (Cal.)(HC) Editorial: SLP of revenue is dismissed, CIT v. Century Plyboards (I) Ltd. (2019) 262 Taxman 13 (SC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue -Bogus purchases and depreciation–Revision is held to be not valid. [S. 32, 69C]