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“Section 133(6)”

Section References (mined)Section 133Section 133(6)6,687 judgments

The decision most relied on for Section 133(6) is CIT v. Simit P. Sheth (356 ITR 451), cited in 1,465 judgments on BharatTax.

Leading authorities on Section 133(6)

CIT v. Simit P. Sheth
356 ITR 451 · 2013 · High Court
1,465
citing judgments

Additions for alleged bogus purchases should be restricted to the profit element, not the entire turnover. The profit element is often estimated at 12.5% of the purported bogus purchases.

CIT v. Orissa Corporation Pvt. Ltd.
159 ITR 78 · 1986 · Supreme Court
897
citing judgments

When an assessee provides the identity and address of a creditor or investor for a cash credit or share capital under Section 68, the burden shifts to the Department to establish lack of genuineness or creditworthiness, requiring it to conduct further inquiries; mere non-compliance by third parties to summons cannot be the sole basis for an adverse inference against the assessee.

Raymond Woollen Mills Ltd. v. ITO
236 ITR 34 · 1999 · Supreme Court
862
citing judgments

For reassessment proceedings under Section 148, the Assessing Officer only needs prima facie material to have a reason to believe income has escaped assessment. Conclusive proof or evaluation of the sufficiency and correctness of such material is not required at the stage of issuing the notice.

CIT v. Lovely Exports (P) Ltd.
216 CTR 195 · 2008 · Supreme Court
854
citing judgments

If an assessee company receives share application money from alleged bogus shareholders and provides their details to the Assessing Officer, no addition can be made under Section 68 in the company's hands; the Department must proceed against the shareholders by reopening their individual assessments.

CIT v. Tata Elxsi Ltd.
349 ITR 98 · 2012 · High Court
818
citing judgments

When computing deduction under Section 10A, if communication or telecommunication expenses are excluded from export turnover, they must also be excluded from total turnover to maintain consistency and apply the ordinary meaning of 'turnover' in context.

CIT v. Bholanath Poly Fab. Pvt. Ltd.
355 ITR 290 · 2013 · High Court
712
citing judgments

If an assessee makes purchases from bogus parties, but the underlying goods are genuinely acquired and sold, only the profit margin embedded in such purchases, and not the entire value of the bogus purchases, should be added to the assessee's income.

(Central)-1 v. NRA Iron & Steel (P) Ltd.
103 Taxmann.com 48 · 2019 · Supreme Court
696
citing judgments

When assessing cash credits, share capital, or loans, the assessee bears the onus to prove the identity, creditworthiness, and genuineness of transactions. This burden is not discharged merely by documentary evidence if field inquiries reveal accommodation entries or dealings with paper/shell companies.

CIT v. Daulat Ram Rawatmull
87 ITR 349 · 1973 · Supreme Court
525
citing judgments

The onus to prove that an apparent transaction or explanation is not real lies with the person who claims it to be so. If an assessee provides a plausible explanation for a transaction, the revenue must establish that the apparent transaction is not genuine.

Judgments citing Section 133(6)

Assistant Commissioner of Income Tax, Circle-5(1), Kolkata vs. Sanatan Merchants Private Limited, Kolkata

In the result, the appeal of the revenue is dismissed

ITA 2111/KOL/2024[2015-16]Status: DisposedITAT Kolkata19 Nov 2025AY 2015-16

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyassessment Year: 2015-16 Acit, Circle-5(1), Kolkata….…………… ……………...……….……….……Appellant Vs. Sanatan Merchants Pvt. Ltd...……......…………………….......……...…..…..Respondent Room No.567, 5Th Floor, Marshall House, 33/1, Ns Road, Kol-700001. [Pan: Aadcs7439P] Appearances By: Shri Pradip Kumar Biswas, Addl. Cit- Sr. Dr, Appeared On Behalf Of The Appellant. Shri Siddharth Agarwal, Advocate, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : November 03, 2025 Date Of Pronouncing The Order : November 19, 2025 Order Per Pradip Kumar Choubey: This Appeal Filed By The Revenue Is Directed Against The Order Dated 06.08.2024 Of The National Faceless Appeal Centre [‘Cit(A)’] Passed Under Section 250 Of The Income-Tax Act, 1961 (Hereinafter Referred To As “The Act”). 2. Brief Facts Of The Case Are That Assessee Company Filed Its Return Of Income Declaring Total Income At Rs.31,41,530/- & The Case Of The Assessee Was Selected For Scrutiny & Notice U/S 143(2) Of The Act Was Issued. During The Assessment Proceedings, The Assessing Officer Observed That The Assessee Has Taken Loan Of Rs.1,77,00,000/- I.E. Rs. 40 Lacs From M/S Shreshth Builders Pvt Ltd, 1,02,00,000/- From M/S Vinjyoti Tracom Pvt Ltd & Rs. 35,00,000/- From Govind Tie Up. Notice U/S 133(6) Was Issued To M/S Shresth Builders Pvt Ltd Which Was Duly Replied By The Said Companies. However, The Assessing Officer Completed Sanatan Merchants Pvt. Ltd The Assessment U/S 143(3) Of The Act Assessing Total Income At Rs. 2,59,00,960/- After Making Additions Of Rs. 1,77,00,000/- On Account Of Bogus Loan & Rs.50,00,000/- On Account Of Bogus Share Application.

Section 133(6)Section 143(2)Section 143(3)Section 250

आयकर अपील"य अ"धकरण, कोलकाता पीठ, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH KOLKATA Before Shri Rajesh