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23 results for “bogus purchases”+ Section 43Bclear

Sorted by relevance

Mumbai116Chennai53Delhi38Kolkata26Ahmedabad23Hyderabad19Bangalore17Raipur13Jaipur12Pune12Rajkot11Surat4Chandigarh4Lucknow3Visakhapatnam3Indore3Cuttack2Ranchi1Allahabad1

Key Topics

Section 43B28Disallowance23Section 143(3)21Addition to Income21Section 8014Deduction13Section 14A12Section 111A8Depreciation8Section 80I

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. DEVRAJ INFRASTRUCTURE LTD.,, AHMEDABAD

In the result, all three appeals of revenue are dismissed

ITA 2441/AHD/2017[2012-13]Status: DisposedITAT Ahmedabad16 Mar 2022AY 2012-13

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyanisl.

For Appellant: Shrui A.C. Shah, A.RFor Respondent: Shri Alok Kumar, CIT-DR
Section 143(3)Section 80

purchases of Rs. 91,18,800/- and bogus expenditure of Rs. 26,67,267/-. While computing taxable income under the head “Income from Business or Profession” the Ld. AO made disallowance of these items and consequently the taxable profit of business was enhanced to that extent. However the Ld. AO did not allow deduction

JCIT(OSD), CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. DEVRAJ INFRASTRUCTURE LTD.,, AHMEDABAD

In the result, all three appeals of revenue are dismissed

Showing 1–20 of 23 · Page 1 of 2

6
Business Income5
Section 35D4
ITA 1607/AHD/2018[2010-11]Status: DisposedITAT Ahmedabad16 Mar 2022AY 2010-11

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyanisl.

For Appellant: Shrui A.C. Shah, A.RFor Respondent: Shri Alok Kumar, CIT-DR
Section 143(3)Section 80

purchases of Rs. 91,18,800/- and bogus expenditure of Rs. 26,67,267/-. While computing taxable income under the head “Income from Business or Profession” the Ld. AO made disallowance of these items and consequently the taxable profit of business was enhanced to that extent. However the Ld. AO did not allow deduction

MOBILE TELECOMMUNICATIONS PVE. LTD.,,VADODARA vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4,, BARODA

In the result, the appeal of the assessee is Dismissed

ITA 1311/AHD/2016[2010-11]Status: DisposedITAT Ahmedabad22 Dec 2021AY 2010-11

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 641/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2009-2010 & आयकर अपील सं./Ita No. 1311/Ahd/2016 िनधा"रण वष"/Asstt. Year: 2010-2011 Mobile Telecommunications Pvt. Ltd., D.C.I.T., C/O. Ambalal M. Shah & Co., Vs. Circle-2(1)(2), Chartered Accountants, Baroda. 108, Bell-E-Vista Complex, Race Course Chakli Circle, Vadodara-390007. Pan: Aaccm2659J

For Appellant: NoneFor Respondent: Shri R.R. Makwana, Sr. D.R
Section 143(3)Section 14ASection 43BSection 69C

Section 43B, the AO made the disallowances. Even during the course of appellate proceedings, the ld.A.R has failed to furnish documentary evidences to prove that the Service Tax payable as on 31.03.2010 was paid before the due date of filing of return. It may also be noted that the appellant had claimed the expenditure on account of Service Tax Payable

MOBILE TELECOMMUNICATIONS LTD.,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(2),, BARODA

In the result, the appeal of the assessee is Dismissed

ITA 641/AHD/2017[2009-10]Status: DisposedITAT Ahmedabad22 Dec 2021AY 2009-10

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 641/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2009-2010 & आयकर अपील सं./Ita No. 1311/Ahd/2016 िनधा"रण वष"/Asstt. Year: 2010-2011 Mobile Telecommunications Pvt. Ltd., D.C.I.T., C/O. Ambalal M. Shah & Co., Vs. Circle-2(1)(2), Chartered Accountants, Baroda. 108, Bell-E-Vista Complex, Race Course Chakli Circle, Vadodara-390007. Pan: Aaccm2659J

For Appellant: NoneFor Respondent: Shri R.R. Makwana, Sr. D.R
Section 143(3)Section 14ASection 43BSection 69C

Section 43B, the AO made the disallowances. Even during the course of appellate proceedings, the ld.A.R has failed to furnish documentary evidences to prove that the Service Tax payable as on 31.03.2010 was paid before the due date of filing of return. It may also be noted that the appellant had claimed the expenditure on account of Service Tax Payable

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE DY.CIT.,(OSD)RANGE-1,, AHMEDABAD

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

ITA 926/AHD/2012[2008-09]Status: DisposedITAT Ahmedabad11 May 2022AY 2008-09

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

For Appellant: Shri Tushar Hemani, Sr. Advocate &For Respondent: Date of hearing
Section 14ASection 35DSection 36(1)(iii)Section 37(1)

bogus purchases to the tune of Rs.42,48,117/- (i.e. 25%) out of total purchases of Rs.1,69,92,471/-. 5. The Ld. CIT(A) has erred, both in law and on facts of the case, in confirming disallowance of Rs.14,62,818/- being irrecoverable deposits written off in books of account in respect of Earnest Money Deposit, Advance

THE ACIT,(OSD)RANGE-1,, AHMEDABAD vs. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

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

ITA 1118/AHD/2012[2008-09]Status: DisposedITAT Ahmedabad11 May 2022AY 2008-09

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

For Appellant: Shri Tushar Hemani, Sr. Advocate &For Respondent: Date of hearing
Section 14ASection 35DSection 36(1)(iii)Section 37(1)

bogus purchases to the tune of Rs.42,48,117/- (i.e. 25%) out of total purchases of Rs.1,69,92,471/-. 5. The Ld. CIT(A) has erred, both in law and on facts of the case, in confirming disallowance of Rs.14,62,818/- being irrecoverable deposits written off in books of account in respect of Earnest Money Deposit, Advance

THE ACIT, CIRCLE-3,, AHMEDABAD vs. KIFS SECURITIES LIMITED,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 2882/AHD/2014[2011-12]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2011-12

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

DY.COMMISSIONER OF INCOME TAX CIRCLE-1(3),, AHMEDABAD vs. KIFS PVT.LTD.,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 914/AHD/2016[2012-13]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2012-13

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 643/AHD/2014[2010-11]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2010-11

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

THE DY. CIT., CIRCLE-3,, AHMEDABAD vs. KHANDWALA INTEGRATED FINANCIAL SERVICES PVT. LTD, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 932/AHD/2014[2010-11]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2010-11

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

KIFS SECURITIES PVT. LTD.,AHMEDABAD vs. THE ACIT, CIRCLE-1(3), AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 786/AHD/2016[2012-13]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2012-13

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

KIFS SECURITIES PVT. LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-1(3), AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 1885/AHD/2017[2014-15]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2014-15

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

KIFS SECURITIES PVT. LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-1(3),, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 63/AHD/2017[2013-14]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2013-14

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

ITA 2717/AHD/2014[2011-12]Status: DisposedITAT Ahmedabad29 Nov 2019AY 2011-12

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

Section 111ASection 143(3)Section 14ASection 43B

43B of the Act for delay in deposit of employees provident fund. Ld. Counsel for the assessee fairly accepted that this issue stands squarely covered against the assessee by the judgment of Hon'ble jurisdictional High Court in the case of CIT V/s Gujarat State Road Transport Corporation (supra) wherein Hon'ble court held as under; . "8.00. ln view

SHREE RAMA MULTI-TECH LTD.,,AHMEDABAD vs. THE DY.CIT.,CRCLE-8,, AHMEDABAD

In the result, appeal of the assessee is partly allowed

ITA 722/AHD/2014[2000-01]Status: DisposedITAT Ahmedabad28 Jan 2022AY 2000-01

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Section 143Section 143(3)Section 145ASection 147Section 148Section 43BSection 80I

43B for customs duty actually paid during the year. The AO has not observed anything whether this customs duty was actually paid in the previous year or not and he has disallowed this claim by only relying upon the legal issues that after introduction of Sec. 145(91) of the IT Act, the assessee is not entitled for deduction

SHREE RAMA MULTI-TECH LTD.,,AHMEDABAD vs. THE ACIT(OSD) CIRCLE-8, AHMEDABAD

In the result, appeal of the assessee is partly allowed

ITA 1345/AHD/2015[2009-10]Status: DisposedITAT Ahmedabad28 Jan 2022AY 2009-10

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Section 143Section 143(3)Section 145ASection 147Section 148Section 43BSection 80I

43B for customs duty actually paid during the year. The AO has not observed anything whether this customs duty was actually paid in the previous year or not and he has disallowed this claim by only relying upon the legal issues that after introduction of Sec. 145(91) of the IT Act, the assessee is not entitled for deduction

THE ACIT, CENTRAL CIRCLE-2(2) vs. M/S. MARDIA CHEMICALS LTD.,

In the result, the appeal of revenue is dismissed

ITA 3210/AHD/2003[1999-2000]Status: DisposedITAT Ahmedabad28 Jan 2022AY 1999-2000

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

For Appellant: NoneFor Respondent: Shri Vinod Tanwani, CIT.D.R
Section 143(3)

purchases of raw material, manufacturing expenses, administrative exp. etc. A glance at the individual items of expenses it could reveal that most of them are incurred in round figure of thousands and lacs. It is to be seen against the background that this group has been involved in major racket of bogus billing" The appellant submitted that

THE ACIT, CEN- CIR 2(2), AHMEDABAD vs. M/S MARDIA CHEMICALS LTD, AHMEDABAD

In the result, the appeal of revenue is dismissed

ITA 3437/AHD/2002[93-94]Status: DisposedITAT Ahmedabad28 Jan 2022

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

For Appellant: NoneFor Respondent: Shri Vinod Tanwani, CIT.D.R
Section 143(3)

purchases of raw material, manufacturing expenses, administrative exp. etc. A glance at the individual items of expenses it could reveal that most of them are incurred in round figure of thousands and lacs. It is to be seen against the background that this group has been involved in major racket of bogus billing" The appellant submitted that

THE ACIT, CENTRAL CAIRCLE-2(2) vs. M/S. MARDIA CHEMICALS LTD.,,

In the result, the appeal of revenue is dismissed

ITA 855/AHD/2004[2000-01]Status: DisposedITAT Ahmedabad28 Jan 2022AY 2000-01

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

For Appellant: NoneFor Respondent: Shri Vinod Tanwani, CIT.D.R
Section 143(3)

purchases of raw material, manufacturing expenses, administrative exp. etc. A glance at the individual items of expenses it could reveal that most of them are incurred in round figure of thousands and lacs. It is to be seen against the background that this group has been involved in major racket of bogus billing" The appellant submitted that

THE ACIT, CENTRAL CIRCLE-2(2) vs. M/S. MARDIA CHEMICALS LTD.,

In the result, the appeal of revenue is dismissed

ITA 3208/AHD/2003[97-98]Status: DisposedITAT Ahmedabad28 Jan 2022

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

For Appellant: NoneFor Respondent: Shri Vinod Tanwani, CIT.D.R
Section 143(3)

purchases of raw material, manufacturing expenses, administrative exp. etc. A glance at the individual items of expenses it could reveal that most of them are incurred in round figure of thousands and lacs. It is to be seen against the background that this group has been involved in major racket of bogus billing" The appellant submitted that