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5 results for “bogus purchases”+ Section 546clear

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Key Topics

Section 14813Section 54B9Section 1516Section 685Addition to Income5Section 5463Deduction3Reopening of Assessment3Section 115B2

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

purchases as bogus under section 69C: SLP dismissed. 10 I.T.A. No. 588/Asr/2024 & Ors Vohra Solvex Pvt Ltd. v. ITO & Ors (iii) Judgement iin the case of PCIT vs. Nitin Ramdeoji Lohia as reported in ( [2022] 145 taxmann.com 546

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

546 kg. of shoddy yarn in excess. This Even at the year end, means that the sale was made out of stock the unsold stocks of to cover up the cash sales. shoddy yarn of 2960 kgs was lying. Further, assessee firm had 5091 kg.(2511 The appellant sold the + 2580) of shoddy yarn costing range of shoddy yarn

SHRI NACHHATER SINGH S/O SHRI GURBAKSH SINGH,BATHINDA vs. INCOME TAX OFFICEER , BATHINDA

In the result all the appeals of the assessee are allowed for statistical purposes

ITA 164/ASR/2019[2010-11]Status: DisposedITAT Amritsar20 Jul 2021AY 2010-11

Bench: Sh. Laliet Kumar & Dr. M. L. Meena

Section 148Section 151Section 546Section 54B

546 of the Act as the payments were made through cheques from the bank account of the assessee even though the sale deed was registered at less value but the fact remain that the assessee purchased the agricultural land in higher cost. CONCISE GROUNDS OF APPEAL in 1. That the Ld. PCIT has erred in confirming the action

SHRI.BOOTA SINGH S/O. SH. NACHATER SINGH, BATHINDA vs. INCOME TAX OFFICER WARD-2(1), BATHINDA

In the result all the appeals of the assessee are allowed for statistical purposes

ITA 162/ASR/2019[2010-11]Status: DisposedITAT Amritsar20 Jul 2021AY 2010-11

Bench: Sh. Laliet Kumar & Dr. M. L. Meena

Section 148Section 151Section 546Section 54B

546 of the Act as the payments were made through cheques from the bank account of the assessee even though the sale deed was registered at less value but the fact remain that the assessee purchased the agricultural land in higher cost. CONCISE GROUNDS OF APPEAL in 1. That the Ld. PCIT has erred in confirming the action

SHRI BABBU SINGH S/O SHRI NACHHATER SINGH,BATHINDA vs. INCOME TAX OFFICEER WARD-2(1), BATHINDA

In the result all the appeals of the assessee are allowed for statistical purposes

ITA 163/ASR/2019[2010-11]Status: DisposedITAT Amritsar20 Jul 2021AY 2010-11

Bench: Sh. Laliet Kumar & Dr. M. L. Meena

Section 148Section 151Section 546Section 54B

546 of the Act as the payments were made through cheques from the bank account of the assessee even though the sale deed was registered at less value but the fact remain that the assessee purchased the agricultural land in higher cost. CONCISE GROUNDS OF APPEAL in 1. That the Ld. PCIT has erred in confirming the action