N.K. Proteins Ltd. v. DCIT

84 Taxmann.com 195Supreme Court of India2017#446 most cited

What is N.K. Proteins Ltd. v. DCIT authority for?

When purchases are found to be entirely bogus and based on fictitious invoices from non-existent or unconfirmed suppliers, the entire amount of such purchases is liable to be added back as unexplained expenditure, not merely a percentage thereof.

204

judgments rely on this decision, according to BharatTax’s citation analysis of 366,470 Indian tax judgments — from 2017 to 2026.

Also referred to as

N.K. Proteins Ltd. v. DCIT · 84 Taxmann.com 195 · Section 69C · Section 145(3) · bogus purchases · unexplained expenditure · fictitious invoices · accommodation entry · entire purchases addition · rejection of books of account · genuineness of transaction · hawala purchase

Issues it is cited on

Judgments citing N.K. Proteins Ltd. v. DCIT

Rajal Enterprises, Mumbai vs. Pr.CIT -29, Mumbai

In the result, assessee’s appeal is allowed

ITA 2273/MUM/2018[2011-12]Status: DisposedITAT Mumbai31 Oct 2018AY 2011-12

Bench: Shri Saktijit Dey, Jm & Shri N.K.Pradhan, Am आमकय अऩीर सं./I.T.A. No.2273/Mum/2018 (नििाारण वषा / Assessment Years: 2011-12) Rajal Enterprises Pr. Commissioner Of Income Tax – 201, Rushabh, B. R. Road, 29 Room No.C–10, 3Rd Floor, Kalp Nagari, Mulund West, बिाम/ Mumbai – 400080 Pratyakshakar Bhavan, Vs. Bandra Kurla Complex, Bandra (East) Mumbai – 400051 स्थामी रेखा सं./जीआइआय सं ./Pan/Gir No. Aajfr5374H (अऩीराथी /Appellant) (प्रत्मथी / Respondent) : अऩीराथी की ओय से / Appellant By : Shri Hitesh Shah प्रत्मथी की ओय से/Respondent By : Shri Manish K. Singh

For Appellant: Shri Hitesh ShahFor Respondent: Shri Manish K. Singh
Section 133(6)Section 143(1)Section 147Section 263

…आयकर अपीऱीय अधिकरण “डी” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, JM AND SHRI N.K.PRADHAN, AM आमकय अऩीर सं./I.T.A. No.2273/Mum/2018 (नििाारण वषा / Assessment Years: 2011-12) Rajal Enterprises Pr. Commissioner of Income Tax – 201, Rushabh, B. R. Road, 29 Room no.C–10, 3rd Floor, Kalp Nagari, Mulund West, बिाम/ Mumbai – 400080 Pratyakshakar Bhavan, Vs. Bandra Kurla Complex, Bandra (East) Mumbai – 400051 स्थामी रेखा सं./जीआइआय सं ./PAN/GIR No. AAJFR5374H (अऩीराथी /Appellant) (प्रत्मथी / Respondent) : अऩीराथी की ओय से / Appellant by : Shri Hitesh Shah प्रत्म…