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. 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

24 agreed that these are bogus\nentries in books.\n(2)\nSo, when ‘NO PURCHASE” was made, obviously there\nwas “NO SALE”. So, there is no question of any profit\nelement.\n4.6 Regarding ground of appeals No.8 in ITA Nos. 431-\n434/Β/2024(A.Y.2013-14 to A.Y.2016-17) & ground of appeals\nNo.9 in ITA Nos.435/B/2024 (A.Y.2017-18) she submitted that\nSanction

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

purchase of bottles or grapes and hence, are bogus receipts. The Ld. AO has not conducted any investigation to substantiate his claim. 4.25 Without prejudice to the above, the ld. A.R. submitted that in every search and seizure action, statements u/s 132(4) of the Act are recorded multiples times, till the search is concluded'. -The persons giving such statements

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

purchase of bottles or grapes and hence, are bogus receipts. The Ld. AO has not conducted any investigation to substantiate his claim. 4.25 Without prejudice to the above, the ld. A.R. submitted that in every search and seizure action, statements u/s 132(4) of the Act are recorded multiples times, till the search is concluded'. -The persons giving such statements

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

purchase of bottles or grapes and hence, are bogus receipts. The Ld. AO has not conducted any investigation to substantiate his claim. 4.25 Without prejudice to the above, the ld. A.R. submitted that in every search and seizure action, statements u/s 132(4) of the Act are recorded multiples times, till the search is concluded'. -The persons giving such statements

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

purchase of bottles or grapes and hence, are bogus receipts. The Ld. AO has not conducted any investigation to substantiate his claim. 4.25 Without prejudice to the above, the ld. A.R. submitted that in every search and seizure action, statements u/s 132(4) of the Act are recorded multiples times, till the search is concluded'. -The persons giving such statements

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 132 (4) has evidentiary value and accordingly the addition was confirmed. Against this assessee is in appeal before us. 22. With respect to the bogus purchases for assessment year 2018 – 19 u/s. 69C of the Act of ₹ 42,815,000/– the learned CIT – A held that apart from stating that the relevant bills/invoices/payments details and GST returns 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 132 (4) has evidentiary value and accordingly the addition was confirmed. Against this assessee is in appeal before us. 22. With respect to the bogus purchases for assessment year 2018 – 19 u/s. 69C of the Act of ₹ 42,815,000/– the learned CIT – A held that apart from stating that the relevant bills/invoices/payments details and GST returns 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 132 (4) has evidentiary value and accordingly the addition was confirmed. Against this assessee is in appeal before us. 22. With respect to the bogus purchases for assessment year 2018 – 19 u/s. 69C of the Act of ₹ 42,815,000/– the learned CIT – A held that apart from stating that the relevant bills/invoices/payments details and GST returns have been

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 132 (4) has evidentiary value and accordingly the addition was confirmed. Against this assessee is in appeal before us. 22. With respect to the bogus purchases for assessment year 2018 – 19 u/s. 69C of the Act of ₹ 42,815,000/– the learned CIT – A held that apart from stating that the relevant bills/invoices/payments details and GST returns have been

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

In the result, both the appeals of the assessee are\nallowed

24,721\n52,45,177\n15,00,000\n1,18,69,898\nAccordingly taking into account the statement of the partner, the evidence\nfound during the course of survey and details verified during the assessment\nproceedings Rs.1,18,69,898 is added to the income under the head \"Income\nfrom Business\".\nAY 2017-18:\n7.12 The purchases as per books

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

In the result, both the appeals of the assessee are\nallowed

bogus purchase entries made in the books of\naccounts to inflate the expenses and to reduce the profits and he\nhas agreed to offer additional income of Rs.2,25,57,180/-.\nHowever, assessee has only offered income of Rs.93,00,821/- for\n assessment year 2016-17 and Rs.8,64,476/- for the assessment\nyear 2017-18. Thus

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

bogus purchases for assessment year 2018 19\nu/s.69C of the Act of ₹ 42,815,000/- the learned CIT – A held that\napart from stating that the relevant bills/invoices/payments details\nand GST returns have been submitted no other details has been\nfurnished by the assessee to show that the purchases are real. Therefore, he upheld the findings of the learned assessing

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,MANGALORE, MANGALORE vs. RAJ DIAMONDS, MUMBAI

In the result the appeal of the Revenue is dismissed &

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2018-19

section 132 of the Act was carried out in the group case of M/s. City Gold Fashion Jewllery and others on 26/06/2019. A warrant u/s. 132 of the Act was also executed at the business premises of M/s. Raj Diamond at Mumbai 26/06/2019. Subsequently, the case was centralized with the ITA No.1361/Bang/2025 & CO 20/Bang/2025 M/s. Raj Diamonds, Mumbai Page