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4 results for “bogus purchases”+ Section 195clear

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Key Topics

Section 1489Addition to Income4Section 250(6)3Section 143(3)3Reopening of Assessment3Section 682Bogus Purchases2

INCOME TAX OFFICER, WARD-1, FARIDKOT, BSNL BUILDING vs. M/S VOHRA SOLVEX PVT. LTD, SADIQ ROAD

In the result, C.O. filed by the assessee is allowed

ITA 588/ASR/2024[2014-15]Status: DisposedITAT Amritsar29 Apr 2025AY 2014-15

Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay

For Appellant: Sh. Sudhir Sehgal, A.R
Section 143(3)Section 148Section 250(6)Section 69C

195 (SC) in which the Hon’ble Apex Court has dismissed the SLP of the assessee against the decision of the Hon’ble Gujarat High Court where it has been held 100% of bogus purchase should be added to the total income of the assessee. He further submitted that it has been admitted by 8 I.T.A. No. 588/Asr/2024 & Ors Vohra

INCOME TAX OFFICER,WARD 1 (2), BATHINDA vs. MESERS SHREE BHAGWATI COTTON TRADERS ,, BATHINDA

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

ITA 479/ASR/2018[2009-10]Status: DisposedITAT Amritsar13 Oct 2022AY 2009-10

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

Section 143(3)Section 148Section 250(6)Section 68

195 without appreciating that the order was directly and squarely applicable to the facts of the case. (ii) The CIT(A) erred in not appreciating that the alleged purchases were from a not existing entity and hence were bogus and were held as such correctly by the AO. I.T.A. No. 479/Asr/2018 4 &I.T.A. No. 480/Asr/2018 (iii) The CIT(A) erred

MESERS SHREE BHAGWATI COTTON TRADERS,BATHINDA vs. INCOME TAX OFFICER,WARD 1 (2), BATHINDA

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

ITA 480/ASR/2018[2009-10]Status: DisposedITAT Amritsar13 Oct 2022AY 2009-10

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

Section 143(3)Section 148Section 250(6)Section 68

195 without appreciating that the order was directly and squarely applicable to the facts of the case. (ii) The CIT(A) erred in not appreciating that the alleged purchases were from a not existing entity and hence were bogus and were held as such correctly by the AO. I.T.A. No. 479/Asr/2018 4 &I.T.A. No. 480/Asr/2018 (iii) The CIT(A) erred

MEASAGE BHAI INDUSTRIES PRIVATE LIMITED,MOGA vs. INCOME TAX OFFICER WARD-1, MOGA

Appeal of the assessee is allowed

ITA 358/ASR/2019[2011-12]Status: DisposedITAT Amritsar11 Aug 2022AY 2011-12

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

For Appellant: Sh. Sudhir SehgalFor Respondent: Sh. S. M. Surendranath, Sr. DR
Section 143(1)Section 147Section 148Section 44A

bogus purchases. Reliance has been placed on the following judgments: I. Judgment of Hon’ble Apex Court in the case of PCIT vs. Tejua Rohit Kumar Kapadia in SLP No. 12670/2018 reported in 94 taxmann.com 325 (SC) copy placed at pages 303 of judgment set. II. Judgment of Piyush Developers Pvt. Ltd. vs. ACIT in ITA No. 5599/Del/2010 copy placed