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7 results for “bogus purchases”+ Short Term Capital Gainsclear

Sorted by relevance

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Key Topics

Section 10(38)14Section 153A12Addition to Income7Section 686Long Term Capital Gains6Natural Justice6Section 2504Section 1474Penny Stock

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH, CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

ITA 347/ASR/2024[2015-16]Status: DisposedITAT Amritsar30 Oct 2025AY 2015-16

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

For Appellant: Sh. Ashray Sarna, C. A
Section 10(38)Section 132Section 144Section 144rSection 147Section 148Section 151Section 250(6)Section 68

short term capital loss at (Rs.30,618/-), income from bank interest at Rs.17,667/- and LTCG (long term capital gains) amounting to Rs.2,02, 30,196/- which has been claimed as exempt u/s 10(38) of the Act) . After a search operation u/s 132 of the Act 1961 carried out on 29th Oct., 2020 4. at the residential premises

4
Exemption4
Disallowance4
Section 250(6)3

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH. CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

ITA 346/ASR/2024[2014-15]Status: DisposedITAT Amritsar30 Oct 2025AY 2014-15

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

For Appellant: Sh. Ashray Sarna, C. A
Section 10(38)Section 132Section 144Section 144rSection 147Section 148Section 151Section 250(6)Section 68

short term capital loss at (Rs.30,618/-), income from bank interest at Rs.17,667/- and LTCG (long term capital gains) amounting to Rs.2,02, 30,196/- which has been claimed as exempt u/s 10(38) of the Act) . After a search operation u/s 132 of the Act 1961 carried out on 29th Oct., 2020 4. at the residential premises

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

short, (UFC), Fazilka amounting to Rs.2,45,14,364/- (totaling Rs. 6,43,54,912/-) are bogus purchase entries. As per the information received by the AO, it was noted that Sh. Naresh Kumar, Proprietor of M/s Universal Food Corporation and Sh. Vijay Kumar, Proprietor of M/s Evergreen Sales Corporation 4 I.T.A. No. 588/Asr/2024 & Ors Vohra Solvex

SH.GAURAV AGGARWAL,GURDAS PUR vs. DY.COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 35/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

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

Section 10(38)Section 153ASection 250

Term Capital Gain (in short ‘LTCG’) amount to Rs.1,18,79,150/-. The search was conducted in the firm M/s R. D. Enterprise and M/s Agrotech Pvt. Ltd, Company, where the assessee isa partner. The notice u/s 153A was issued and assessment was completed u/s 153A r.w.s. 143(3) of the Act. As per the revenue, the assessee sold

SMT. DEEPTI AGGARWAL,GURDAS PUR vs. DY COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 34/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

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

Section 10(38)Section 153ASection 250

Term Capital Gain (in short ‘LTCG’) amount to Rs.1,18,79,150/-. The search was conducted in the firm M/s R. D. Enterprise and M/s Agrotech Pvt. Ltd, Company, where the assessee isa partner. The notice u/s 153A was issued and assessment was completed u/s 153A r.w.s. 143(3) of the Act. As per the revenue, the assessee sold

M/S RAMAN KUMAR AGGARWAL,GURDASPUR vs. DY. COMMISSIONER .OF. INCOME. TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 32/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

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

Section 10(38)Section 153ASection 250

Term Capital Gain (in short ‘LTCG’) amount to Rs.1,18,79,150/-. The search was conducted in the firm M/s R. D. Enterprise and M/s Agrotech Pvt. Ltd, Company, where the assessee isa partner. The notice u/s 153A was issued and assessment was completed u/s 153A r.w.s. 143(3) of the Act. As per the revenue, the assessee sold

SH. RAMAN KUMAR AGGARWAL,GURDAS PUR vs. DY. COMMISSIONER OF INCOME TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 33/ASR/2019[2015-16]Status: DisposedITAT Amritsar13 Sept 2023AY 2015-16

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

Section 10(38)Section 153ASection 250

Term Capital Gain (in short ‘LTCG’) amount to Rs.1,18,79,150/-. The search was conducted in the firm M/s R. D. Enterprise and M/s Agrotech Pvt. Ltd, Company, where the assessee isa partner. The notice u/s 153A was issued and assessment was completed u/s 153A r.w.s. 143(3) of the Act. As per the revenue, the assessee sold