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2 results for “bogus purchases”+ Section 120(5)clear

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Key Topics

Section 40A(3)9Section 250(6)2Section 143(3)2Section 40A2Disallowance2Addition to Income2

INCOME TAX OFFICER WARD-1 (2), BATHINDA vs. M/ S ALTIUS SALES PRIVATE LIMITED, BATHINDA

In the result, the appeal of the revenue bearing ITA No

ITA 709/ASR/2019[2015-16]Status: DisposedITAT Amritsar07 Jul 2023AY 2015-16

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

Section 143(3)Section 250(6)Section 40ASection 40A(3)Section 44A

120/- (Rs. 1,85,11,610/- + Rs.3,510/-). The assessee filed an appeal before the ld. CIT(A) by challenging the order of the ld. AO. The assessee only challenged the issue related to addition u/s 40A(3). The assessee submitted a submission before the ld. CIT(A). After considering the submission of the assessee

MESERS GANESH RICE MILLS,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-II, BATHINDA

In the result the appeal of the assessee ITA No

ITA 287/ASR/2018[2014-15]Status: DisposedITAT Amritsar15 Feb 2023AY 2014-15

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

For Appellant: Sh. Sudhir Sehgal, A. RFor Respondent: Sh. Rohit Mehra, CIT DR
Section 133ASection 143(3)Section 250(6)

120/- i.e after making an addition of Rs. 15,65,41,118/-by rejecting the audited books of accounts of the assessee. Appeal was filed before the ld. CIT(A) against the order of the AO. The ld. CIT(A) partly allowed the appeal. The addition was restricted amount to Rs. 15,54,20,000/- against the assessee. Being dissatisfied