Search: bogus purchases

4 results for “bogus purchases”+ Demonetizationclear

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Section 687 Section 115B4 Demonetization4 Addition to Income4 Cash Deposit3 Section 2502 Section 143(3)2 Section 133(6)2

HIMALYA SPINNING MILLS,AMRITSAR vs. INCOME TAX OFFICER WARD- 2 (1), AMRITSAR

In the result, the appeal of the assessee is allowed

ITA 88/ASR/2022[2017-18]Status: DisposedITAT Amritsar20 Feb 2023AY 2017-18

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 115BSection 145Section 68

demonetized notes could not have been accepted as valid tender. Since the sale proceeds for which cash was received from the customers was already admitted as income and if the cash deposits are added under section 68 of the Act that will amount to double taxation once as sales and again as unexplained cash credit which is against the principles

SHRI RAMAN GUPTA,JAMMU vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, JAMMU

In the result, the appeal filed by the assessee is allowed for

ITA 213/ASR/2022[2019-20]Status: Disposed

HIMALYA SPINNING MILLS,AMRITSAR vs. INCOME TAX OFFICER WARD- 2 (1), AMRITSAR

SHRI RAMAN GUPTA,JAMMU vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, JAMMU

HIMALYA SPINNING MILLS,AMRITSAR vs. INCOME TAX OFFICER WARD- 2 (1), AMRITSAR

SHRI RAMAN GUPTA,JAMMU vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, JAMMU

H. N. AGRI SERVICE PRIVATE LIMITED,SRINAGAR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, JAMMU

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, JAMMU vs. M/S HN AGRI SERVE PRIVATE LIMITED, SRINAGAR