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2 results for “bogus purchases”+ Section 2(24)(x)clear

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Key Topics

Section 1474Section 2633Section 1483Section 143(3)2Bogus Purchases2Reopening of Assessment2Addition to Income2

SHRI SHAM SUNDER AGGARWAL,KAPURTHALA vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

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

ITA 17/ASR/2021[2011-12]Status: DisposedITAT Amritsar27 Apr 2023AY 2011-12

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

Section 143(3)Section 147Section 148Section 151Section 263Section 263o

24 & 20 returns, declaring therein all such purchases as also the sales made. It is indeed unfortunate that the incumbent ITO, for apparent lack of his understanding the issues and skill to marshal the facts and spell out his versions unambiguously, drafted the order with loose ends. His act of reducing the purchases of M/s Guru Teg Bahadur Rice Mill

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