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4 results for “bogus purchases”+ Section 260Aclear

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Key Topics

Section 1488Section 2505Section 1474Addition to Income4Section 143(3)3Section 143(2)3Section 142(1)3Section 682Section 69A2

SHAILESHBHAI BHA vs. ANGBHAI CHAVDA,BHAVNAGARVS.THE INCOME TAX OFFICER WARD 1(4) BHAVNAGAR, BHAVNAGAR

In the result, the appeal of the assessee in ITA No

ITA 248/AHD/2024[2012-13]Status: DisposedITAT Ahmedabad11 Jul 2024AY 2012-13

Bench: Shri Ramit Kochar (Accountant Member)

For Appellant: Shri Jignesh Parikh, A.RFor Respondent: Smt. Trupti Patel, Sr. D.R
Section 132(4)Section 143(3)Section 147Section 148Section 250Section 68

bogus long term capital gains/bogus short term capital loss/bogus purchase loss etc. . Various incriminating documents were seized by Revenue during the course of search operations. Therefore, there was a reason to believe that the scrips of M/s. Divine Multimedia India Ltd., M/s. Diamant Infrastructure Ltd. and M/s VMS Industries Ltd. are not genuine. Shri Naresh Jain in his statement recorded

Cash Deposit2
Reopening of Assessment2
Natural Justice2

KRUTIKA ASHWIN SARVAIYA,AHMEDABAD vs. THE ITO, WARD-5(3)(4), AHMEDABAD

In the result, the appeal of the assessee in ITA

ITA 43/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad12 Jul 2024AY 2017-18

Bench: Shri Ramit Kochar (Accountant Member)

For Appellant: Shri S.N. Divatia, AdvocateFor Respondent: Smt. Trupti Patel, Sr. D.R
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 250Section 69A

purchase invoice bills of J B & Sons(Prop. Mohanbhai Jivabhai Makwana) before the AO. The assessee has also claimed that she is owning agricultural land and the said land was given to tillers for farming. The said tillers were incurring expenses towards fertilizer, pesticides , seed and other farming expenses , and the assessee is getting 25% share in farming. No expenses

SAKET M JAIN (HUF),AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-5(2)(4), AHMEDABAD

In the result, the appeal of the assessee in ITA No

ITA 314/AHD/2023[2013-14]Status: DisposedITAT Ahmedabad12 Aug 2024AY 2013-14

Bench: Income Tax Appellate Tribunal, Ahmedabad Division Bench, Ahmedabad Has Arisen From The Appellate Order Dated 24.03.2023 Passed By Ld. Cit(A), Nfac, Delhi U/S.250 Of The Income-Tax Act,1961

For Appellant: None(Adjournment Application-Rejected)For Respondent: Shri Ashok Kumar Suthar, Sr.DR
Section 133(6)Section 142(1)Section 143Section 143(1)Section 143(2)Section 145Section 250

bogus transaction. The AO observed that sales tax @15 percent is applicable on the sale of timber/wood , but the assessee has not paid any sales tax and failed to submit its sales tax number/TIN/VAT number. The AO also issued Show Cause Notice(SCN) to the assessee, which is reproduced by the AO in assessment order at page

ILABAHEN VIRALKUMAR MEHTA,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-3, ANAND

In the result, the appeal of the assessee in ITA No

ITA 17/AHD/2024[2012-13]Status: DisposedITAT Ahmedabad16 Jul 2024AY 2012-13

Bench: Income Tax Appellate Tribunal, Ahmedabad Bench, Ahmedabad Has Arisen From The

For Appellant: Ms. Kinjal V. Shah, A.RFor Respondent: Shri Sanjay Jain, Sr. D.R
Section 143(2)Section 143(3)Section 147Section 148Section 151Section 250

bogus capital gains/losses to various beneficiaries. The assessee being one of the beneficiary. The assessee has not declared and disclosed the transaction of sale and purchase of shares of Hemo Organics Limited in the return of income filed u/s 139, while the assessee declared gains arising on the sale of 8000 shares in the return of income filed in response