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42 results for “bogus purchases”+ Section 201clear

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Key Topics

Addition to Income32Disallowance28Section 6826Section 43B16Depreciation14Section 25010Section 143(3)10Section 14A8Section 111A8

THE ACIT, CIRCLE-1,, BHAVNAGAR vs. M/S. VITCOS TRANSPORTATION PVT. LTD.,, BHAVNAGAR

In the result, Revenue’s appeal stands dismissed

ITA 2713/AHD/2014[2010-11]Status: DisposedITAT Ahmedabad16 May 2018AY 2010-11

Bench: Shri Amarjit Singh & Ms. Madhumita Royआयकर अपील सं./I.T.A. No.2713/Ahd/2014 ("नधा"रण वष" / Assessment Year : 2010-11)

For Appellant: Shri Mudit Nagpal, Sr.DRFor Respondent: Shri Mehul K. Patel, AR
Section 201Section 201(1)Section 40

purchased buses as Revenue expenditure. 2. Ground No.1 :- The brief facts leading to the ground is this that the assessee has made the interest payment of Rs.8,65,018/- to GE Capital and Rs.10,09,505/- to Magma Fin Corp Ltd. totalling to Rs.18,74,523/-. The Assessing Officer Assessing Officer (AO) made the disallowance of the total amount

VIJAY KANTILAL VORA,VADODARA vs. DCIT, CIRCLE-4(2)(1), VADODARA

Showing 1–20 of 42 · Page 1 of 3

Section 408
Section 292C8
Penalty8
ITA 1821/AHD/2018[2011-12]Status: DisposedITAT Ahmedabad30 May 2024AY 2011-12

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokar, Accountnat Member Assessment Year : 2011-12 Vijay Kantilal Vora The Dcit 201, Shrushti Flats, Vs Circle-4(2)(1), Opp. Geb Sub Station, Vadodara Gotri Road, Vadodara-390021 Pan: Aakpv3542 J अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Talati, Ca Revenue By : Shri Sudhakar Verma, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 27/05/2024 घोषणा क" तार"ख /Date Of Pronouncement: 30/05/2024 आदेश/O R D E R Per Makarand V. Mahadeokarthis Appeal By The Assessee Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals)- 4 Vadodara (Hereinafter Referred As “Ld. Cit(A)” Dated 30.1.2018, Relating To The Assessment Order Passed By The Assessing Officer (Hereinafter Referred As “Ao”) Under Section 144 R.W.S. 147 Of The Income Tax Act, 1961(Hereinafter Referred As “The Act” For The Assessment Year2011-12. 2. Assessee Has Taken Following Grounds Of Appeal: Vijay Kantilal Vora Vs. Dcit Asst. Year : 2011-12

For Appellant: Shri Sunil Talati, CAFor Respondent: Shri Sudhakar Verma, Sr.DR
Section 10(38)Section 143(3)Section 144Section 147Section 148Section 68

201, Shrushti Flats, Vs Circle-4(2)(1), Opp. GEB Sub Station, Vadodara Gotri Road, Vadodara-390021 PAN: AAKPV3542 J अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee by : Shri Sunil Talati, CA Revenue by : Shri Sudhakar Verma, Sr.DR सुनवाई क" तार"ख/Date of Hearing : 27/05/2024 घोषणा क" तार"ख /Date of Pronouncement: 30/05/2024 आदेश/O R D E R PER MAKARAND

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1278/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2021-22

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

201 5 Khaleda Jarda 82,000 A statement giving explanation on source of loan is attached herewith vide Paper Book Page no. 21 0 Confirmation of account is attached vide Paper Book Page 203 Copy of ITR of Lender is attached vide Paper Book Page no. 204 Relevant extracts from bank statement of the lender are attached vide Paper book

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1277/AHD/2025[2014-15]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2014-15

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

201 5 Khaleda Jarda 82,000 A statement giving explanation on source of loan is attached herewith vide Paper Book Page no. 21 0 Confirmation of account is attached vide Paper Book Page 203 Copy of ITR of Lender is attached vide Paper Book Page no. 204 Relevant extracts from bank statement of the lender are attached vide Paper book

H K ISPAT PVT. LTD.,PANCHMAHAL vs. THE DY.CIT, CENTRAL CIRCLE-2, VADODARA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1392/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2021-22

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

201 5 Khaleda Jarda 82,000 A statement giving explanation on source of loan is attached herewith vide Paper Book Page no. 21 0 Confirmation of account is attached vide Paper Book Page 203 Copy of ITR of Lender is attached vide Paper Book Page no. 204 Relevant extracts from bank statement of the lender are attached vide Paper book

ALPA UDAYKUMAR SHAH,,BHAVNAGAR vs. ITO, WARD-1(2),, BHAVNAGAR

In the result, the appeal of the assessee is allowed

ITA 391/AHD/2018[2014-15]Status: DisposedITAT Ahmedabad26 Aug 2022AY 2014-15

Bench: Shri Waseem Ahmed, Accountant Memebr & Shri Siddhartha Nautiyal, Judicial Memebr

For Appellant: Shri Darshan GandhiFor Respondent: 08/06/2022
Section 10(38)Section 131(1)Section 68

201, Siddhchakra Flats, Ward 1(2) Vs. Blood Bank Road, Aaykar Bhavan, Krishnanagar, Bhavnagar - Nakubaug, Bhavnagar 364001 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : BFLPS7506A .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से/Appellant by : Shri Darshan Gandhi, Advocate Shri V. K. Singh, Sr. D.R. ""यथ" क" ओर से / Respondent by : 08/06/2022 सुनवाई क" तार"ख / Date of Hearing घोषणा

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE ACIT, (OSD), CIRCLE-8,, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 1320/AHD/2014[2009-10]Status: DisposedITAT Ahmedabad06 May 2022AY 2009-10

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

bogus transaction and added to the total income under section 68 of the Act and confirmed by the learned CIT-A. However the learned AR for the assessee before us submitted that share capital and premium for Rs. 4,29,82,420/- only received during the year. As such, the AO inadvertently treated the opening balance of share capital

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-8, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 187/AHD/2020[2011-12]Status: DisposedITAT Ahmedabad06 May 2022AY 2011-12

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

bogus transaction and added to the total income under section 68 of the Act and confirmed by the learned CIT-A. However the learned AR for the assessee before us submitted that share capital and premium for Rs. 4,29,82,420/- only received during the year. As such, the AO inadvertently treated the opening balance of share capital

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-4(1)(1),, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 2557/AHD/2017[2012-13]Status: DisposedITAT Ahmedabad06 May 2022AY 2012-13

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

bogus transaction and added to the total income under section 68 of the Act and confirmed by the learned CIT-A. However the learned AR for the assessee before us submitted that share capital and premium for Rs. 4,29,82,420/- only received during the year. As such, the AO inadvertently treated the opening balance of share capital

THE DCIT, CIRCLE-8,, AHMEDABAD vs. SHIVAM WATER TREATERS PVT. LTD.,, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 1447/AHD/2014[2009-10]Status: DisposedITAT Ahmedabad06 May 2022AY 2009-10

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

bogus transaction and added to the total income under section 68 of the Act and confirmed by the learned CIT-A. However the learned AR for the assessee before us submitted that share capital and premium for Rs. 4,29,82,420/- only received during the year. As such, the AO inadvertently treated the opening balance of share capital

P. MANEKLAL AND CO.,VADODARA vs. THE DY.CIT, CENTRAL CIRCLE-1, VADODARA

In the result, the appeal of the Assessee is allowed

ITA 1864/AHD/2024[2019-20]Status: DisposedITAT Ahmedabad11 Feb 2025AY 2019-20

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

For Appellant: Shri M.K. Patel, AdvocateFor Respondent: Shri V.K. Mangla, Sr DR
Section 115BSection 131Section 250Section 69ASection 69C

201, Raama Emporio, Central Circle-1, Gotri Sevasi Road, Sevasi, Vadodara-390007 Vadodara-391101 [PAN : AADFM 9703 F] (Appellant) .. (Respondent) Appellant by : Shri M.K. Patel, Advocate Respondent by: Shri V.K. Mangla, Sr DR Date of Hearing 16.12.2024 Date of Pronouncement 11.02.2025 O R D E R PER DR. B.R.R. KUMAR, VICE-PRESIDENT : This appeal has been filed by the Assessee

ROSHANLAL KHICHI,AHMEDABAD vs. THE ITO, WARD-6(1)(1), AHMEDABAD

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 501/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad12 Sept 2025AY 2021-22

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

For Appellant: Respondent by: Shri Abhijit, Sr. DRFor Respondent: Shri Abhijit, Sr. DR
Section 133(6)Section 143(2)Section 68

201, 2nd Ahmedabad Floor, Devashish Complex, Nr. Regenta, Central Antarim Hotel, Off. C G Road, Ahmedabad-380009 [PAN No.AIFPK1011N] (Appellant) .. (Respondent) Shri Divyang Shah, AR Appellant by : Respondent by: Shri Abhijit, Sr. DR Date of Hearing 10.09.2025 12.09.2025 Date of Pronouncement O R D E R PER SIDDHARTHA NAUTIYAL - JUDICIAL MEMBER: This appeal has been filed by the Assessee against

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JAS INFRA SPACE PRIVATE LTD.,, AHMEDABAD

In the result, appeal of the Revenue is dismissed

ITA 2131/AHD/2017[2013-14]Status: DisposedITAT Ahmedabad28 Jan 2022AY 2013-14

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Section 131Section 133ASection 150Section 292CSection 34Section 69B

201 ITR 192 while confirming the order of the AO in part. However, the facts of those case are distinguishable from the facts of the present case. In the case of Hon’ble Gujarat High Court, there was the reports which were submitted to the bank whereas in the case on hand, it is no discernible that any information

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JAS INFRASPACE PRIVATE LIMITED,, AHMEDABAD

In the result, appeal of the Revenue is dismissed

ITA 547/AHD/2018[2014-15]Status: DisposedITAT Ahmedabad28 Jan 2022AY 2014-15

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Section 131Section 133ASection 150Section 292CSection 34Section 69B

201 ITR 192 while confirming the order of the AO in part. However, the facts of those case are distinguishable from the facts of the present case. In the case of Hon’ble Gujarat High Court, there was the reports which were submitted to the bank whereas in the case on hand, it is no discernible that any information

JAS INFRASPACE PVT. LTD.,AHMEDABAD vs. DCIT, CIRCLE-2(2)(1),, AHMEDABAD

In the result, appeal of the Revenue is dismissed

ITA 398/AHD/2018[2014-15]Status: DisposedITAT Ahmedabad28 Jan 2022AY 2014-15

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Section 131Section 133ASection 150Section 292CSection 34Section 69B

201 ITR 192 while confirming the order of the AO in part. However, the facts of those case are distinguishable from the facts of the present case. In the case of Hon’ble Gujarat High Court, there was the reports which were submitted to the bank whereas in the case on hand, it is no discernible that any information

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JAS INFRA SPACE PRIVATE LTD.,, AHMEDABAD

In the result, appeal of the Revenue is dismissed

ITA 2130/AHD/2017[2012-13]Status: DisposedITAT Ahmedabad28 Jan 2022AY 2012-13

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Section 131Section 133ASection 150Section 292CSection 34Section 69B

201 ITR 192 while confirming the order of the AO in part. However, the facts of those case are distinguishable from the facts of the present case. In the case of Hon’ble Gujarat High Court, there was the reports which were submitted to the bank whereas in the case on hand, it is no discernible that any information

ASIAN MILLS PVT.LTD.,,AHMEDABAD vs. THE ADDL.CIT, RANGE-1,,, AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 1397/AHD/2015[2011-12]Status: DisposedITAT Ahmedabad02 Mar 2021AY 2011-12

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No. 1397/Ahd/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 Asian Mills Pvt. Ltd., A.C.I.T., 104, Sakar Iii, Vs. Range-1, Opp. Old High Court, Ahmedabad. Ashram Road, Ahmedabad-380014. Pan: Aabca8236G & आयकर अपील सं./Ita No. 1531/Ahd/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 D.C.I.T., Asian Mills Pvt. Ltd., Circle-1(1)(1), Vs. 104, Sakar Iii, Ahmedabad. Opp. Old High Court, Ashram Road, Ahmedabad-380014. Pan: Aabca8236G

For Appellant: Shri S.N. Soparkar, Sr. Advocate with Shri Parin Shah, A.RFor Respondent: Shri R.R. Makwana, Sr.D.R
Section 194Section 194CSection 194C(6)Section 194C(7)Section 40Section 6Section 7

201 Taxman 666 (P & H), 198 Taxman 470 & 199 Taxman 273 are in favour of the appellant. 21. Being aggrieved by the order of the ld. CIT-A, the Revenue is appeal before us. 22. The learned DR before us vehemently supported the order of the AO. 23. On the other hand, the before us contended that the payment

THE ACIT, CIRCLE-1(2), AHMEDABAD vs. NEPTUNE PLASTIC CORPORATION, AHMEDABAD

In the result, the appeal filed by the Revenue is partly allowed

ITA 1370/AHD/2019[2014-15]Status: DisposedITAT Ahmedabad13 Mar 2025AY 2014-15

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

For Appellant: Shri Rignesh Das, Sr. DRFor Respondent: Shri Saurabh Soparkar, AR
Section 143(3)Section 147

Section 147 of the Income Tax Act, 1961 (in short ‘the Act’) after recording proper reason. The assessment was completed u/s. 143(3) r.w.s. 147 of the Act on 29.12.2018 at total income of Rs.3,07,97,263/-. 3. Aggrieved with the order of the AO, the assessee had filed an appeal before the First Appellate Authority, which was decided

M/S. GUJARAT SMELTING AND PEFINING CO. LTD,AHMEDABAD vs. ITO, WARD-2(1)(1), AHMEDABAD

In the result, the appeal filed by the assessee is dismissed

ITA 98/AHD/2019[2014-15]Status: DisposedITAT Ahmedabad08 Jun 2022AY 2014-15

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalassessment Year : 2014-15 Gujarat Smelting & Refining Co. Ltd. Ito, Ward-2(1)(1) C/O. Vinit Moondra Ca Vs Ahmedabad. 201, Sarap Opp: Navjivan Press, Ashram Road Ahmedabad 380 014. Pan : Aaacg 7566 L अपीलाथ"/ (Appellant) "त् यथ"/ (Respondent)

For Appellant: Shri Vinit Moondra, CAFor Respondent: Shri Sudhendu Das, Sr.DR
Section 143Section 145(3)Section 271Section 271(1)Section 271(1)(c)Section 50

201, Sarap Opp: Navjivan Press, Ashram Road Ahmedabad 380 014. PAN : AAACG 7566 L अपीलाथ"/ (Appellant) "त् यथ"/ (Respondent) Assessee by : Shri Vinit Moondra, CA Revenue by : Shri Sudhendu Das, Sr.DR सुनवाई क" तार"ख/Date of Hearing : 19/05/2022 घोषणा क" तार"ख /Date of Pronouncement: 8/06/2022 आदेश/O R D E R PER WASEEM AHMED, ACCOUNANT MEMBER: This

GUJARAT FLUROCHEMICALS LIMITED,,BARODA vs. THE DY.CIT, CIRCLE-1(1),, BARODA

Appeals of the Revenue are dismissed, whereas appeals of the assessee are partly allowed for statistical purpose

ITA 117/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad28 Jun 2019AY 2011-12

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediasr. No.

For Appellant: Shri S.N. Soparkar, and Shri Parin Shah, ARFor Respondent: Shri Subhas Bains, CIT-DR and Shri Vinod Tanwani, Sr.DR

section 80 of the Companies Act, 1956 and observed that first proviso to this section provided that “no such shares shall be redeemed except out of profits of the company which would otherwise be available for dividend or out of the proceeds of a fresh issue of shares made for the purposes of the redemption”. Thus, according to the ld.CIT