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

purchases recorded in the computer of the assessee firm containing date wise purchases made by the assessee from Malpe were found. When confronted, the partner present during the course of the survey proceedings, clarified that the purchases under the column "MalpePur Actual" represented the actual purchases for which payments had been made by NEFT/RTGS and ITA Nos.62 to 66/Bang/2023

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

purchases recorded in the computer of the assessee firm containing date wise purchases made by the assessee from Malpe were found. When confronted, the partner present during the course of the survey proceedings, clarified that the purchases under the column "MalpePur Actual" represented the actual purchases for which payments had been made by NEFT/RTGS and ITA Nos.62 to 66/Bang/2023

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

purchases recorded in the computer of the assessee firm containing date wise purchases made by the assessee from Malpe were found. When confronted, the partner present during the course of the survey proceedings, clarified that the purchases under the column "MalpePur Actual" represented the actual purchases for which payments had been made by NEFT/RTGS and ITA Nos.62 to 66/Bang/2023

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

purchases recorded in the computer of the assessee firm containing date wise purchases made by the assessee from Malpe were found. When confronted, the partner present during the course of the survey proceedings, clarified that the purchases under the column "MalpePur Actual" represented the actual purchases for which payments had been made by NEFT/RTGS and ITA Nos.62 to 66/Bang/2023

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

In the result, appeals of the assessee in ITA Nos

bogus\npurchases. Since the facts are similar in all these assessment\nyears, we consider the facts in assessment year 2013-14.\n2.2 The appellant is engaged in the production of fish meal and\nextraction of fish oil. A search and seizure operation under Section\n132 of the Income Tax Act, 1961 (in short \"The Act\") was carried\nout

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. Since the facts are similar in all these assessment\nyears, we consider the facts in assessment year 2013-14.\n2.2 The appellant is engaged in the production of fish meal and\nextraction of fish oil. A search and seizure operation under Section\n132 of the Income Tax Act, 1961 (in short \"The Act\") was carried\nout

M/S ANANTHA REFINERY PVT. LTD. vs. DCIT,

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

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

10. (On page 8) ………. the inference drawn is clear and certain that these purchases shown from the persons claimed are not genuine. The other argument of the appellant that he would have made purchases to cause production/ sales is examined. Even if the appellant has made some purchases, it is for the appellant to explain the extent and amount

M/S ANANTHA REFINERY PVT. LTD. vs. DCIT,

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

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

10. (On page 8) ………. the inference drawn is clear and certain that these purchases shown from the persons claimed are not genuine. The other argument of the appellant that he would have made purchases to cause production/ sales is examined. Even if the appellant has made some purchases, it is for the appellant to explain the extent and amount

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

10 of 51 and Suresh Gowda. Now the contention of Ld. A.R. is that CIT(A) erred in treating the purchases as bogus for the following reasons: a. The fact of actual purchases made is evident from the purchases made by the Appellant, the bills, goods received notes which form part of the seized material. That the goods have been

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

10 of 51 and Suresh Gowda. Now the contention of Ld. A.R. is that CIT(A) erred in treating the purchases as bogus for the following reasons: a. The fact of actual purchases made is evident from the purchases made by the Appellant, the bills, goods received notes which form part of the seized material. That the goods have been

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

10 of 51 and Suresh Gowda. Now the contention of Ld. A.R. is that CIT(A) erred in treating the purchases as bogus for the following reasons: a. The fact of actual purchases made is evident from the purchases made by the Appellant, the bills, goods received notes which form part of the seized material. That the goods have been

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

10 of 51 and Suresh Gowda. Now the contention of Ld. A.R. is that CIT(A) erred in treating the purchases as bogus for the following reasons: a. The fact of actual purchases made is evident from the purchases made by the Appellant, the bills, goods received notes which form part of the seized material. That the goods have been

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

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

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

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

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

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

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

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

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

10,034. The PCIT therefore set aside the order of the AO by stating that – “11. During survey proceedings, it was seen that the assessee had been inflating the expenses by claiming bogus expenses and total bogus purchases was worked out at Rs.2,25,57,180/- for AY 2017-18. In the assessment order an amount of Rs.86

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

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

10 of 40\nITA Nos.410-412-169-170-\nCO 6/Bang/2024\nother entities without actual supply of goods and services. Therefore,\nsuch entity was held to be a paper entity with no financial worth.\nThe information was available with the Department that the late\nassessee has purchased goods of ₹ 7,762,500 from this entity.\n15.\nThe Id.AO analysed the financial statement and other