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

sections": [ "132", "153A", "131", "132(4)", "132(4A)", "40A(3)", "44AB", "269SS", "269ST", "269T" ], "issues": "Whether the disallowance of cash

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

sections": [ "132", "153A", "132(4)", "131", "40A(3)", "44AB", "6DD", "132(4A)", "269SS", "269ST", "269T" ], "issues": "Whether disallowance of cash

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

disallowed arbitrarily.\n7.9 Here, it is also very important to mention that the assessee also\nproduced a price analysis of cash purchases and purchases through\nbanking channel, available at pages 391–392 of the paper book. On\nperusal, we note that the average price of maize purchased through\ncash and bank transactions is broadly similar. For instance, the average\ncost

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

disallowed arbitrarily. 7.9 Here, it is also very important to mention that the assessee also produced a price analysis of cash purchases and purchases through banking channel, available at pages 391–392 of the paper book. On perusal, we note that the average price of maize purchased through cash and bank transactions is broadly similar. For instance, the average cost

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

disallowed arbitrarily. 7.9 Here, it is also very important to mention that the assessee also produced a price analysis of cash purchases and purchases through banking channel, available at pages 391–392 of the paper book. On perusal, we note that the average price of maize purchased through cash and bank transactions is broadly similar. For instance, the average cost

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

disallowed arbitrarily.\n7.9 Here, it is also very important to mention that the assessee also\nproduced a price analysis of cash purchases and purchases through\nbanking channel, available at pages 391–392 of the paper book. On\nperusal, we note that the average price of maize purchased through\ncash and bank transactions is broadly similar. For instance, the average\ncost

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

disallowed arbitrarily.\n\n7.9 Here, it is also very important to mention that the assessee also\nproduced a price analysis of cash purchases and purchases through\nbanking channel, available at pages 391–392 of the paper book. On\nperusal, we note that the average price of maize purchased through\ncash and bank transactions is broadly similar. For instance, the average

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

disallowed arbitrarily.\n\n7.9 Here, it is also very important to mention that the assessee also\nproduced a price analysis of cash purchases and purchases through\nbanking channel, available at pages 391–392 of the paper book. On\nperusal, we note that the average price of maize purchased through\ncash and bank transactions is broadly similar. For instance, the average

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

disallowance of cash purchases was not sustainable as there was no incriminating material to support the allegation of bogus purchases, and the admission was not corroborated. Regarding interest income, it was held that the loose sheet was a 'dumb document' without corroboration, and the admission was clarified as interest paid, not received, thus the addition was deleted.", "result": "Allowed", "sections