M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

bogus purchases. ITA 146,147 & 148/CHD/2021 A.Y. 2011-12, 2015-16 & 2016-17 5 3. The sales have been confirmed meaning thereby you have purchased cotton from the open market in cash. The purchases being made in cash from open market, the applicability of provision of Section 40A(iii) of the Income Tax Act, 1961 should have been examined. Therefore

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

bogus purchases. ITA 146,147 & 148/CHD/2021 A.Y. 2011-12, 2015-16 & 2016-17 5 3. The sales have been confirmed meaning thereby you have purchased cotton from the open market in cash. The purchases being made in cash from open market, the applicability of provision of Section 40A(iii) of the Income Tax Act, 1961 should have been examined. Therefore

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

bogus purchases. ITA 146,147 & 148/CHD/2021 A.Y. 2011-12, 2015-16 & 2016-17 5 3. The sales have been confirmed meaning thereby you have purchased cotton from the open market in cash. The purchases being made in cash from open market, the applicability of provision of Section 40A(iii) of the Income Tax Act, 1961 should have been examined. Therefore

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, LUDHIANA vs. MALBROS INTERNATIONAL PVT LTD, FARIDKOT

In the result, both the appeals and the Cross Objections are dismissed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 992 & 993/Chd/2024 "नधा"रण वष" / Assessment Years: 2017-18, 2016-17 The Dcit, Vs Malbros International Pvt. Ltd., Central Circle-2, Village – Mansoorwal, Teh-Zira, Ludhiana. Head Offices Old Cantt. Road, Faridkot. "थायी लेखा सं./Pan No: Aadcm7203R अपीलाथ"/Appellant ""यथ"/Respondent & C.O. Nos. 46 & 45/Chd/2024 In आयकर अपील सं./ Ita Nos. 992 & 993/Chd/2024 "नधा"रण वष" / Assessment Year: 2017-18, 2016-17 Malbros International Pvt. Ltd., The Dcit, Village – Mansoorwal, Teh-Zira, Vs Central Circle-2, Head Offices Old Cantt. Road, Ludhiana. Faridkot. "थायी लेखा सं./Pan No: Aadcm7203R अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Sudhir Sehgal, Advocate Revenue By : Smt. Kusum Bansal, Cit Dr Date Of Hearing : 14.05.2025 Date Of Pronouncement : 25.06.2025

131(1)(A) of the Act. According to the Revenue, Shri Ashok Kumar Gupta has disclosed in his statement that he is providing accommodation entries to various concerns, therefore, the AO harboured a belief that purchases alleged to have been made from the concern of Shri Ashok Kumar Gupta are bogus and he reopened the assessment. The AO has heard

M/S JAIN AMAR CLOTHING PVT. LTD.,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

Bogus Share Capital & Premium in the assessee company consequent to the search action and the above fact was supported by the report sent by the DDIT Investigation Unit-2(1), Kolkata along with statements recorded of the ex-directors of the investor companies u/s 131 of the Act. 10.1 It was submitted that there is no dispute that

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, LUDHIANA vs. MALBROS INTERNATIONAL PVT LTD, FARIDKOT

In the result, both the appeals and the Cross Objections\nare dismissed

131(1)(A) of the Act.\nAccording to the Revenue, Shri Ashok Kumar Gupta has\ndisclosed in his statement that he is providing accommodation\nentries to various concerns, therefore, the AO harboured a\nbelief that purchases alleged to have been made from the\nconcern of Shri Ashok Kumar Gupta are bogus and he\nreopened the assessment. The AO has heard

M/S KUBER ROLLER FLOUR MILLS,CHANDIGARH vs. ITO-WARD-2(1), CHANDIGARH

In the result, appeal of the assessee is allowed

1) were issued and information called for from time to time including information called for under section 133(6) of the Act. During the course of assessment proceedings, the assessee was asked to prove the genuineness of the purchases made from M/s Kamna Overseas. Further to ascertain the genuineness of the purchases, the AO also called for information under section

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

131 (1 A) dated 26.10.2012 Director of Avance Technologies Limited, listed Shri Satyaprakash Goel company controlled and managed by Shirish Shah. 6.6 The A.O. also observed that during the course of search and seizure at the office premises of SCS, backup of the books of accounts was taken and than an excel sheet named “Kedia 2” was impounded in which

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

131 (1 A) dated 26.10.2012 Director of Avance Technologies Limited, listed Shri Satyaprakash Goel company controlled and managed by Shirish Shah. 6.6 The A.O. also observed that during the course of search and seizure at the office premises of SCS, backup of the books of accounts was taken and than an excel sheet named “Kedia 2” was impounded in which

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

131 (1 A) dated 26.10.2012 Director of Avance Technologies Limited, listed Shri Satyaprakash Goel company controlled and managed by Shirish Shah. 6.6 The A.O. also observed that during the course of search and seizure at the office premises of SCS, backup of the books of accounts was taken and than an excel sheet named “Kedia 2” was impounded in which

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

131 (1 A) dated 26.10.2012 Director of Avance Technologies Limited, listed Shri Satyaprakash Goel company controlled and managed by Shirish Shah. 6.6 The A.O. also observed that during the course of search and seizure at the office premises of SCS, backup of the books of accounts was taken and than an excel sheet named “Kedia 2” was impounded in which

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

131 (1 A) dated 26.10.2012 Director of Avance Technologies Limited, listed Shri Satyaprakash Goel company controlled and managed by Shirish Shah. 6.6 The A.O. also observed that during the course of search and seizure at the office premises of SCS, backup of the books of accounts was taken and than an excel sheet named “Kedia 2” was impounded in which

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

131 (1 A) dated 26.10.2012 Director of Avance Technologies Limited, listed Shri Satyaprakash Goel company controlled and managed by Shirish Shah. 6.6 The A.O. also observed that during the course of search and seizure at the office premises of SCS, backup of the books of accounts was taken and than an excel sheet named “Kedia 2” was impounded in which

AMAN THUKRAL,LUDHIANA vs. INCOME TAX OFFICER WARD 2(1), LUDHIANA , LUDHIANA

Accordingly, Additional Ground No. 1 is allowed for statistical

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

bogus purchases. At the same time, given the discrepancies noted by the Assessing Officer during verification and the assessee's failure to furnish certain 886-CHD-2024 17 supporting evidence, such as bank statements and signed supplier confirmations, the possibility of purchases from the grey market cannot be ruled out. Further failure to produce the brokers and standard reply that

SCOTT EDIL ADVANCE RESEARCH LABORATORIES AND EDUCATION LIMITED,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

1) Tmi 629 –\n(Delhi High Court: (2013] 351 Itr 20\nAdditions u/s 69 - search conducted u/s 132 - notice u/s 153C - valuation of properties\nreferred to District Valuation Officer (DVO) - ITAT deleted the addition - Held that:- No\nreason to differ from the view taken by the Tribunal as no material was found in the\nsearch and seizure operations, which would

M/S BRONZE LOGISTICS PVT. LTD.,LUDHIANA vs. DCIT, LUDHIANA

The appeal of the assessee is allowed

Bench: Ms. Diva Singh & Ms. Annapurna Guptaassessment Year: 2006-07 M/S Bronze Logistics P.Ltd., Vs. The Dcit, 863 Industrial Area-A, Circle Vii, Ludhiana. Ludhiana. Pan No. : Aabcb9505H

1 (iii) of section 153 would not apply for extending the period of limitation. 10.3 In order to decide the correctness of the claims so made it would be appropriate at the outset to first cull out the contents of the order under section 131(3) dated 15/16/12/2008 whereby books of accounts were impounded Order Under Section 131

MADHAV KRG LIMITED,PATIALA vs. DCIT C C, PATIALA

In the result, Assessee’s appeal is allowed

Bench: Shri Laliet Kumar & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 291/Chd/2023 "नधा"रण वष" / Assessment Year : 2018-19 Madhav Krg Limited, Dcit, Vill. Akalgarh, Amloh, बनाम Central Circle, Bhadson Road, Patiala Vs. Near Roll Plaza, Distt. Patiala "थायी लेखा सं./Pan No: Aadcm6458N अपीलाथ"/Appellant ""यथ"/Respondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Ashok Goel, Ca राज"व क" ओर से/ Revenue By : Sh. Ved Parkash Kalia, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 12.03.2025 उदघोषणा क" तार"ख/Date Of Pronouncement : 28.05.2025 आदेश/Order

131 (1A) of the act on 18.12.2017 before the Asst. director of income tax (Investigation)-1, Faridabad. In the said statement, Sh. Pawan Mishra has stated on oath that he is the proprietor of numerous concerns whose registered address is the same. The details of such proprietorship concerns are as under:- 291-Chd-2023 Madhav KRG Ltd., Patiala

SHRI BALRAM KRISHAN,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

purchase of land, the Commission\nof Income-Tax (Appeals) as well as the Tribunal both have examined the issue on\nthe basis of the material available on record. It is noted that the assessee had\nmade no disclosure towards the purchase of land in his statement during the\nsearch proceedings. The addition was made merely on the basis