M/S. RUKMINI EDUCATIONAL CHARITABLE TRUST,BENGALURU vs. PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL, BENGALURU

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

127 of the act and further referred to the provisions of section 12 double a of the act and submitted that the principal Commissioner is empowered to deal with the cases pertaining to the registration under section 12 AA/12 AB under the income tax act 1961. She submitted that if such empowerment was not to be legislatively envisaged

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

bogus entry and it is proved beyond reasonable doubt that it is only an adjustment entry to reduce the profits as per books by inflating expenditure and reducing tax liability thereon. In the light of the above, the assessee was further asked to substantiate why section 40A(3) of the Act should not be invoked in the assessee’s case

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

bogus entry and it is proved beyond reasonable doubt that it is only an adjustment entry to reduce the profits as per books by inflating expenditure and reducing tax liability thereon. In the light of the above, the assessee was further asked to substantiate why section 40A(3) of the Act should not be invoked in the assessee’s case

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

bogus entry and it is proved beyond reasonable doubt that it is only an adjustment entry to reduce the profits as per books by inflating expenditure and reducing tax liability thereon. In the light of the above, the assessee was further asked to substantiate why section 40A(3) of the Act should not be invoked in the assessee’s case

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

bogus entry and it is proved beyond reasonable doubt\nthat it is only an adjustment entry to reduce the profits as per books by inflating\nexpenditure and reducing tax liability thereon. In the light of the above, the\nassessee was further asked to substantiate why section 40A(3) of the Act should\nnot be invoked in the assessee's case

BYSANI SRINATH MAMATHA,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX (OSD) CENTRAL CIRCLE-1(3), BENGALURU

In the result, the appeals of the assessee for Assessment Years

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

2 issues raised therein. The first issue (G. Nos. 1 to 6) raised by the assessee is that the learned CIT(A) erred in confirming the addition made on account of cash purchases for Rs. 3,64,13,598/- only. 2.1 The relevant facts are that the assessee is an individual and running two proprietary concerns namely M/s Srinath Enterprise

BYSANI ADINARAYAGUPTHA SRINATH,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX (OSD), CENTRAL CIRCLE-1(3), BENGALURU

In the result, the appeals of the assessee for Assessment Years

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

2 issues raised therein. The first issue (G. Nos. 1 to 6) raised by the assessee is that the learned CIT(A) erred in confirming the addition made on account of cash purchases for Rs. 3,64,13,598/- only. 2.1 The relevant facts are that the assessee is an individual and running two proprietary concerns namely M/s Srinath Enterprise

BYSANI ADINARAYAGUPATHA SRINATH,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX (OSD), CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI SRINATH MAMATHA,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX (OSD), CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI ADINARAYAGUPTHA SRINATH,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX(OSD), CENTRAL CIRCLE 1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI ADINARAYAGUPTHA SRINATH,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX (OSD), CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI SRINATH MAMATHA,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX (OSD), CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI ADINARAYAGUPTHA SRINATH,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX(OSD), CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI SRINATH MAMATHA,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX, (OSD) CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI SRINATH MAMATHA,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX (OSD) CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

BYSANI SRINATH MAMATHA,BENGALURU vs. JOINT COMMISSIONER OF INCOME TAX(OSD), CENTRAL CIRCLE-1(3), BENGALURU

In the result, all the appeals of the assessee for A

2 issues\nraised therein. The first issue (G. Nos.1 to 6) raised by the assessee is\nthat the learned CIT(A) erred in confirming the addition made on\naccount of cash purchases for Rs.3,64,13,598/- only.\n2.1 The relevant facts are that the assessee is an individual and\nrunning two proprietary concerns namely M/s Srinath Enterprise

JCIT, BANGALORE vs. M/S HEWLETT PACKARD INDIA SALES P. LTD.,, BANGALORE

In the result appeal of the ld AO is dismissed and Assessee is partly allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2010-11

bogus by producing any evidence. In view of this we do not find any infirmity in the order of the ld. CIT(A) in deleting the addition made by the ld. AO with respect to the cash discount of ₹ 1,658,678,346/–. 34. With respect to the post sales discount of ₹ 672,94,21,699 it was found that

HEWLETT PAKCARD INDIA SALES PRIVATE LIMITED,BANGALORE vs. JCIT, BANGALORE

In the result appeal of the ld AO is dismissed and Assessee is partly allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2010-11

bogus by producing any evidence. In view of this we do not find any infirmity in the order of the ld. CIT(A) in deleting the addition made by the ld. AO with respect to the cash discount of ₹ 1,658,678,346/–. 34. With respect to the post sales discount of ₹ 672,94,21,699 it was found that