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

bogus purchases accounted by the assessee as\nfound by any of the lower authorities.”\n3.7 In the instant case though assessee had received the supplies\nfrom the persons in respect to whom additional income is offered, it\nhas admitted additional income to co-operate with the department.\nOnly where the parties have confirmed, the additional income is not\noffered

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

8. The Hon. CIT(A)erred in not considering that the Revenue has not taken any action against vendors from whom the purchases were made, that is, the vendor's sales have been accepted as such. 9. The LAO erred in undertaking the addition of Rs.16,74,23 150 for the AY 2008-09 towards bogus purchase when the facts

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

8. The Hon. CIT(A)erred in not considering that the Revenue has not taken any action against vendors from whom the purchases were made, that is, the vendor's sales have been accepted as such. 9. The LAO erred in undertaking the addition of Rs.16,74,23 150 for the AY 2008-09 towards bogus purchase when the facts

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

8. The Hon. CIT(A)erred in not considering that the Revenue has not taken any action against vendors from whom the purchases were made, that is, the vendor's sales have been accepted as such. 9. The LAO erred in undertaking the addition of Rs.16,74,23 150 for the AY 2008-09 towards bogus purchase when the facts

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

8. The Hon. CIT(A)erred in not considering that the Revenue has not taken any action against vendors from whom the purchases were made, that is, the vendor's sales have been accepted as such. 9. The LAO erred in undertaking the addition of Rs.16,74,23 150 for the AY 2008-09 towards bogus purchase when the facts

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

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

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

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

8. Subsequently search u/s. 132 of the Act was conducted on 7/8/2019 in case of M/s A-one Steel and Alloys Limited, A-one Ispat Pvt. Ltd., VRKP steel Industries Pvt. Ltd. Residence of assessee was also searched. Consequently, cases were centralised, and The Deputy Commissioner of Income tax, Central Circle 1 (3), Bengaluru issued notice under section 153C

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

8. Subsequently search u/s. 132 of the Act was conducted on 7/8/2019 in case of M/s A-one Steel and Alloys Limited, A-one Ispat Pvt. Ltd., VRKP steel Industries Pvt. Ltd. Residence of assessee was also searched. Consequently, cases were centralised, and The Deputy Commissioner of Income tax, Central Circle 1 (3), Bengaluru issued notice under section 153C

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

8. Subsequently search u/s. 132 of the Act was conducted on 7/8/2019 in case of M/s A-one Steel and Alloys Limited, A-one Ispat Pvt. Ltd., VRKP steel Industries Pvt. Ltd. Residence of assessee was also searched. Consequently, cases were centralised, and The Deputy Commissioner of Income tax, Central Circle 1 (3), Bengaluru issued notice under section 153C

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

8. Subsequently search u/s. 132 of the Act was conducted on 7/8/2019 in case of M/s A-one Steel and Alloys Limited, A-one Ispat Pvt. Ltd., VRKP steel Industries Pvt. Ltd. Residence of assessee was also searched. Consequently, cases were centralised, and The Deputy Commissioner of Income tax, Central Circle 1 (3), Bengaluru issued notice under section 153C

GAUGE 16 KITCHEN EQUIPMENTS,BANGALORE vs. INCOME TAX OFFICER WARD 5(2)(4), BANGALORE

In the result, appeal of the assessee is allowed

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

bogus purchases and added the same to the business income of the assessee. The assessment was completed u/s 143(3) of the Act on a total income of Rs.62,99,990/-. 4. Aggrieved by the order of AO dated 11.05.2021, the assessee firm preferred an appeal before the Ld.CIT(A)/NFAC. 5. The Ld.CIT(A)/NFAC dismissed the appeal

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

section 142 of the Act was issued on\n3/3/2022 addressed to all legal heirs jointly.\n10.\nIn the notice, Id AO asked that\n(i)\nduring search at the residence of the assessee certain paper\nsheets and images in mobile were found and seized which\nrevealed that certain cash transactions were done which were\nnot recorded in the books