M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Additional income 1 2012-13 Bogus purchase 5,50,00,000 2 2013-14 Bogus purchase 5,50,00,000 3 2014-15 Bogus

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Additional income 1 2012-13 Bogus purchase 5,50,00,000 2 2013-14 Bogus purchase 5,50,00,000 3 2014-15 Bogus

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Additional income 1 2012-13 Bogus purchase 5,50,00,000 2 2013-14 Bogus purchase 5,50,00,000 3 2014-15 Bogus

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Additional income 1 2012-13 Bogus purchase 5,50,00,000 2 2013-14 Bogus purchase 5,50,00,000 3 2014-15 Bogus

M/S. MUKKA PROTEINS LIMITED (FORMERLY KNOW AS MUKKA SEA FOOD INDUSTRIES LTD., ),MANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, , MANGALURU

In the result, appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Keshav Dubey

purchases admitted to the relevant year was Rs.1,56,84,864/-. 2.10 However, in the return of income filed, the appellant has admitted only Rs.23,11,810/- as additional income on the issue of bogus

M/S. MUKKA PROTEINS LIMITED (FORMERLY KNOW AS MUKKA SEA FOOD INDUSTRIES LTD., ),MANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, MANGALORE

Bench: Shri Chandra Poojari & Shri Keshav Dubey

purchases admitted to the relevant year was Rs.1,56,84,864/-. 2.10 However, in the return of income filed, the appellant has admitted only Rs.23,11,810/- as additional income on the issue of bogus

M/S. MUKKA PROTEINS LIMITED (FORMERLY KNOW AS MUKKA SEA FOOD INDUSTRIES LTD., ),MANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, MANGALORE

bogus\npurchases admitted to the relevant year was Rs.1,56,84,864/-.\n2.10 However, in the return of income filed, the appellant has\nadmitted only Rs.23,11,810/- as additional income on the issue of\nbogus purchases

M/S. HARIS MARINE PRODUCTS,MANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, , MANGALORE

Bench: Shri Chandra Poojari & Shri Keshav Dubey

additional income in the return of income filed in response to notice u/s 153C of the Act as follows: For AY 2016-17 Rs.93,00,821/- For AY 2017-18 Rs.8,64,276/- 5.1 Thus, ld. AO arrived at a difference of income between the amount declared in statement u/s 132(4) of the Act towards bogus purchase

M/S. HARIS MARINE PRODUCTS,MANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, MANGALORE

Bench: Shri Chandra Poojari & Shri Keshav Dubey

purchases entered in the books for which no goods were received but payments made, and cases where additional income is offered in the return of income filed in response to notice u/ s 153C is as follows: Sl. No. Name of Bogus

LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA),BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

purchases, on the facts and circumstances of the case x. the addition made by the learned assessing officer and confirmed by the learned Commissioner of income tax (appeals) are based clear on suspicion, surmises, conjectures and arbitrary in nature and not based on any corroborative evidence and consequently the addition made as alleged bogus

LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA),BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3) , BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

purchases, on the facts and circumstances of the case x. the addition made by the learned assessing officer and confirmed by the learned Commissioner of income tax (appeals) are based clear on suspicion, surmises, conjectures and arbitrary in nature and not based on any corroborative evidence and consequently the addition made as alleged bogus

LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA),BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3) , BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

purchases, on the facts and circumstances of the case x. the addition made by the learned assessing officer and confirmed by the learned Commissioner of income tax (appeals) are based clear on suspicion, surmises, conjectures and arbitrary in nature and not based on any corroborative evidence and consequently the addition made as alleged bogus

DCIT, CENTRAL CIRCLE-1(3), BAENGALURU vs. LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA), BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

purchases, on the facts and circumstances of the case x. the addition made by the learned assessing officer and confirmed by the learned Commissioner of income tax (appeals) are based clear on suspicion, surmises, conjectures and arbitrary in nature and not based on any corroborative evidence and consequently the addition made as alleged bogus

M/S. SPR SPIRITS PRIVATE LIMITED (FORMERLY KNOWN AS SPR GROUP HOLDINGS PRIVATE LIMITED),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

bogus purchase in these assessment years. In this case the AO made additions as follows:- S.No. Asst. Year Undisclosed income

M/S. SPR SPIRITS PRIVATE LIMITED (FORMERLY KNOWN AS SPR GROUP HOLDINGS PRIVATE LIMITED),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

bogus purchase in these assessment years. In this case the AO made additions as follows:- S.No. Asst. Year Undisclosed income

M/S. SPR SPIRITS PRIVATE LIMITED (FORMERLY KNOWN AS SPR GROUP HOLDINGS PRIVATE LIMITED),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

bogus purchase in these assessment years. In this case the AO made additions as follows:- S.No. Asst. Year Undisclosed income

M/S. SPR SPIRITS PRIVATE LIMITED (FORMERLY KNOWN AS SPR GROUP HOLDINGS PRIVATE LIMITED),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

bogus purchase in these assessment years. In this case the AO made additions as follows:- S.No. Asst. Year Undisclosed income

M/S. CONCORDE HOUSING CORPORATION PRIVATE LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BENGALURU

In the result, appeal of the assessee in ITA No

Bench: Shri Chandra Poojari & Shri Prakash Chand Yadav

additional income under section 132(4) at Rs.15 lacs and requested not to impose penalty under section 271(l)(c). The Assessing Officer imposed the penalty by invoking the Explanation 5A to section 271(l)(c). For imposing the penalty under Explanation 5A on the basis of statement recorded during the course of search, it is necessary to be found

M/S. HARIS MARINE PRODUCTS,MANGALURU vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), BENGALURU, BENGALURU

In the result, the appeal by the assessee is allowed

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy S

additional income on the issue of bogus purchases. The AO also noted that as per the books of accounts, the purchases