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16 results for “bogus purchases”+ TDSclear

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Key Topics

Addition to Income16Section 145(3)14Disallowance12Section 250(6)9Section 688Section 153A7Section 697Section 1476Section 143(3)4

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, ignoring the quantitative tally as maintained by the Assessee and the sales against such purchases of wheat having not been doubted and also not considering the binding 3 Bhai Industries Pvt. Ltd. v. ITO judgment of the Hon'ble Supreme Court in the case of the Pr. CIT Vs. Tejua Rohit kumar Kapadi as reported in 94 taxmann.com

Section 1484
Natural Justice4
Long Term Capital Gains2

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

bogus Long-Term Capital Gains. The purchasers of these scrips do not have creditworthiness. No prudent investor and particularly trader or investor in stock will invest in such company. The gains made by the appellant are altogether beyond human probabilities. The meticulous paper work of routing the transactions through banking channel is futile because the profits shown are beyond human

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

bogus Long-Term Capital Gains. The purchasers of these scrips do not have creditworthiness. No prudent investor and particularly trader or investor in stock will invest in such company. The gains made by the appellant are altogether beyond human probabilities. The meticulous paper work of routing the transactions through banking channel is futile because the profits shown are beyond human

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

TDS Certificate in Form 16A related to deduction of tax at source. The ld. AR fully denied that the assessee had no transaction with the RolmexInternational, as alleged by the revenue. The ld. AR placed that the details as below: I.T.A. No.193/Asr/2022 33 Assessment Year: 2018-19 “18. Addition of Rs. 4,57,32,318/- on account of alleged bogus

MEASAGE TAU AGRO SALES PRIVATE LIMITED,FARIDKOT vs. INCOME TAX OFFICER WARD-3(2), FEROZEPUR

In the result the ground no

ITA 324/ASR/2019[2014-15]Status: DisposedITAT Amritsar22 Sept 2022AY 2014-15

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

Section 143(3)Section 250Section 36Section 36(1)(iii)Section 40A(3)

purchase value. Also, the assessee submitted the certificate from Panchayat where it is clear that there is no bank for completing the banking transaction for payment to the transporter. This cash payment is covered under Rule 6DD(J) of the Income Tax Rule 1962. So, the addition u/s 40 A(3) is uncalled for. The claim was also made

MEASAGE.TAU AGRO SALES PRIVATE LIMITED,FARIDKOT vs. INCOME TAX OFFICER WARD-3(4), FARIDKOT

In the result the ground no

ITA 325/ASR/2019[2015-16]Status: DisposedITAT Amritsar22 Sept 2022AY 2015-16

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

Section 143(3)Section 250Section 36Section 36(1)(iii)Section 40A(3)

purchase value. Also, the assessee submitted the certificate from Panchayat where it is clear that there is no bank for completing the banking transaction for payment to the transporter. This cash payment is covered under Rule 6DD(J) of the Income Tax Rule 1962. So, the addition u/s 40 A(3) is uncalled for. The claim was also made

DE vs. ON PRIVATE LIMITED,JAMMUVS.DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-2, JAMMU

In the result, both the appeals are dismissed

ITA 549/ASR/2019[2013-14]Status: DisposedITAT Amritsar22 Sept 2022AY 2013-14

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

For Appellant: Sh. Vijay Dewan, AdvFor Respondent: Sh. Ghansham Sharma, Sr. DR

purchases its supplies from different Distilleries/Breweries/ Wholesalers and sell the same to retailers. For running its business the Appellant had 27 employees on its pay rolls during the year. The pay package of these employees is also linked with the sales of the company. More the sales more will be sales incentive and in case of lesser sales the sale

DE vs. ON PRIVATE LIMITED,JAMMUVS.ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2, JAMMU

In the result, both the appeals are dismissed

ITA 204/ASR/2019[2014-15]Status: DisposedITAT Amritsar22 Sept 2022AY 2014-15

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

For Appellant: Sh. Vijay Dewan, AdvFor Respondent: Sh. Ghansham Sharma, Sr. DR

purchases its supplies from different Distilleries/Breweries/ Wholesalers and sell the same to retailers. For running its business the Appellant had 27 employees on its pay rolls during the year. The pay package of these employees is also linked with the sales of the company. More the sales more will be sales incentive and in case of lesser sales the sale

M/S MOVIE BOX RECORDS P. LTD ,JALNDHAR vs. D.C.I.T, CENTRAL CIRCLE - II, JALNDHAR

In the result, the appeal of the revenue bearing ITA 263/Asr/2017 is

ITA 254/ASR/2017[2011-12]Status: DisposedITAT Amritsar10 Oct 2022AY 2011-12

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

Section 145(3)Section 153ASection 250(6)Section 69

bogus expenses and addition was made Rs.1,12,910/-. The issue was agitated before the CIT(A). The ld. CIT(A) had rejected the appeal of the assessee& issue is decided in favour of revenue. 4.1 In the next issue the assessee had paid the copy right to M/s Phonography Performance Ltd. (in brevity PPL), an autonomous body as owns

M/S MOVIE BOX RECORDS P. LTD ,JALNDHAR vs. D.C.I.T, CENTRAL CIRCLE - II, JALNDHAR

In the result, the appeal of the revenue bearing ITA 263/Asr/2017 is

ITA 255/ASR/2017[2012-13]Status: DisposedITAT Amritsar10 Oct 2022AY 2012-13

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

Section 145(3)Section 153ASection 250(6)Section 69

bogus expenses and addition was made Rs.1,12,910/-. The issue was agitated before the CIT(A). The ld. CIT(A) had rejected the appeal of the assessee& issue is decided in favour of revenue. 4.1 In the next issue the assessee had paid the copy right to M/s Phonography Performance Ltd. (in brevity PPL), an autonomous body as owns

D.C.I.T , CENTRAL CIRCLE - II,, JALANDHAR vs. M/S MOVIE BOX RECORDS PVT. LTD., JALANDHAR

In the result, the appeal of the revenue bearing ITA 263/Asr/2017 is

ITA 263/ASR/2017[2011-12]Status: DisposedITAT Amritsar10 Oct 2022AY 2011-12

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

Section 145(3)Section 153ASection 250(6)Section 69

bogus expenses and addition was made Rs.1,12,910/-. The issue was agitated before the CIT(A). The ld. CIT(A) had rejected the appeal of the assessee& issue is decided in favour of revenue. 4.1 In the next issue the assessee had paid the copy right to M/s Phonography Performance Ltd. (in brevity PPL), an autonomous body as owns

M/S MOVIE BOX RECORDS P LTD ,JALANDHAR vs. D.C.I.T, CENTRAL CIRCLE - II, JALANDHAR

In the result, the appeal of the revenue bearing ITA 263/Asr/2017 is

ITA 252/ASR/2017[2009-10]Status: DisposedITAT Amritsar10 Oct 2022AY 2009-10

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

Section 145(3)Section 153ASection 250(6)Section 69

bogus expenses and addition was made Rs.1,12,910/-. The issue was agitated before the CIT(A). The ld. CIT(A) had rejected the appeal of the assessee& issue is decided in favour of revenue. 4.1 In the next issue the assessee had paid the copy right to M/s Phonography Performance Ltd. (in brevity PPL), an autonomous body as owns

M/S MOVIE BOX RECORDS P. LTD ,JALNDHAR vs. D.C.I.T, CENTRAL CIRCLE - II, JALNDHAR

In the result, the appeal of the revenue bearing ITA 263/Asr/2017 is

ITA 253/ASR/2017[2010-11]Status: DisposedITAT Amritsar10 Oct 2022AY 2010-11

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

Section 145(3)Section 153ASection 250(6)Section 69

bogus expenses and addition was made Rs.1,12,910/-. The issue was agitated before the CIT(A). The ld. CIT(A) had rejected the appeal of the assessee& issue is decided in favour of revenue. 4.1 In the next issue the assessee had paid the copy right to M/s Phonography Performance Ltd. (in brevity PPL), an autonomous body as owns

M/S MOVIE BOX RECORDS P. LTD ,JALNDHAR vs. D.C.I.T, CENTRAL CIRCLE - II, JALNDHAR

In the result, the appeal of the revenue bearing ITA 263/Asr/2017 is

ITA 251/ASR/2017[2008-09]Status: DisposedITAT Amritsar10 Oct 2022AY 2008-09

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

Section 145(3)Section 153ASection 250(6)Section 69

bogus expenses and addition was made Rs.1,12,910/-. The issue was agitated before the CIT(A). The ld. CIT(A) had rejected the appeal of the assessee& issue is decided in favour of revenue. 4.1 In the next issue the assessee had paid the copy right to M/s Phonography Performance Ltd. (in brevity PPL), an autonomous body as owns

M/S MOVIE BOX RECORDS P. LTD ,JALNDHAR vs. D.C.I.T, CENTRAL CIRCLE - II, JALNDHAR

In the result, the appeal of the revenue bearing ITA 263/Asr/2017 is

ITA 256/ASR/2017[2013-14]Status: DisposedITAT Amritsar10 Oct 2022AY 2013-14

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

Section 145(3)Section 153ASection 250(6)Section 69

bogus expenses and addition was made Rs.1,12,910/-. The issue was agitated before the CIT(A). The ld. CIT(A) had rejected the appeal of the assessee& issue is decided in favour of revenue. 4.1 In the next issue the assessee had paid the copy right to M/s Phonography Performance Ltd. (in brevity PPL), an autonomous body as owns

SHRI DARPAN JAIN,JALANDHAR vs. INCOME TAX WARD - 1(1), JALANDHAR

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

ITA 577/ASR/2019[2011-12]Status: DisposedITAT Amritsar10 Oct 2022AY 2011-12

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

For Appellant: Sh. J. S. Bhasin, AdvFor Respondent: Ms. Amanpreet Kaur, Sr. DR
Section 131Section 147Section 36Section 68

TDS provisions were not applicable. However, it is observed that interest figures in the P&L A/c and in the bank account do not match. Further, it is observed that as Darpan Jain Capital A/c in the books of Pushkar Udhyog the entry of receipt of Rs. 52,00,000/- is as under:- Debit Credit