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3 results for “bogus purchases”+ Section 271(1)(b)clear

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Key Topics

Section 1454Section 1483Addition to Income3Section 44A2Section 271(1)2Depreciation2Penalty2Comparables/TP2

TEJ SINGH,MATHURA vs. ITO 1(3)(4), MATHURA

In the result, the Appeal of the assessee is partly allowed

ITA 8/AGR/2019[2009-10]Status: DisposedITAT Agra26 Sept 2023AY 2009-10
Section 142(1)Section 147Section 148

271(1)(b) were not answered by the appellant. Thereafter, a show- cause notice under section 144 was issued by the AO. on 16.11.2016 and on its non-service through the speed post, ITI was deputed to serve it personally on the appellant. Vide his report dated 06.12.2016, the ITI has reported that Shri Tej Singh had expired

MR. PRAMOD KUMAR KHANDELWAL,AGRA vs. DY.C.I.T.-1, AGRA

The appeals of the assessee are allowed in the terms indicated

ITA 200/AGR/2016[2011-12]Status: DisposedITAT Agra12 Apr 2021AY 2011-12

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena

Section 145Section 271(1)Section 44A

b) relates to treatment of interest income as 'Income from Other Sources and not part of business receipts. 6.1 Legal position on this issue is very clear. In the case of Sterling Foods 237 ITR 53, (SC) the Apex Court has held that only when there is a direct nexus between the interest income and business exigency to keep such

MR. PRAMOD KUMAR KHANDELWAL,AGRA vs. DY.C.I.T.-1, AGRA

The appeals of the assessee are allowed in the terms indicated

ITA 201/AGR/2016[2010-11]Status: DisposedITAT Agra12 Apr 2021AY 2010-11

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena

Section 145Section 271(1)Section 44A

b) relates to treatment of interest income as 'Income from Other Sources and not part of business receipts. 6.1 Legal position on this issue is very clear. In the case of Sterling Foods 237 ITR 53, (SC) the Apex Court has held that only when there is a direct nexus between the interest income and business exigency to keep such