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2 results for “bogus purchases”+ Section 254(1)clear

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Key Topics

Section 143(3)3Section 69C3Addition to Income2

M/S. SATIA INDUSTRIES LIMITED,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA

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

ITA 193/ASR/2022[2018-19]Status: DisposedITAT Amritsar13 Jun 2023AY 2018-19

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

Section 115BSection 143(3)Section 144C(8)Section 250oSection 69C

purchase ESCerts. l. The energy saving certificates (ESCerts) are also issued as the energy saving also reduces the emission of carbon heat & gases. m. It is submitted that the receipts generated from the sale proceeds of RECs/ESCerts are not liable to tax for the assessment year under consideration in terms of sections

AAPNA MARBLE,G T ROAD BHUCHO KALAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE II BATHINDA

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

ITA 639/ASR/2024[2016-17]Status: DisposedITAT Amritsar27 Oct 2025AY 2016-17

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Ashwani Kalia, C.A
Section 133ASection 143(3)Section 250

bogus ( forced to be prepared at site document, as evident from the contents of para 6 and 7 of the affidavit ) and has no relation to the existing business of the assessee and the names depicted in such list of debtors , are all fictitious and the said persons named therein , do not simply exist . 14. He further submitted that