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3 results for “bogus purchases”+ Section 54Fclear

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Key Topics

Section 271(1)(c)3Addition to Income3Long Term Capital Gains2Condonation of Delay2

MANPREET SINGH BHULLAR,PARWANOO vs. ITO, PARWANOO

In the result, appeal of the assessee is allowed

ITA 923/CHANDI/2019[2007-08]Status: DisposedITAT Chandigarh09 Jan 2020AY 2007-08
For Appellant: Shri Surinder Babbar, FCAFor Respondent: Shri Arvind Sudershan, JCIT
Section 143(1)Section 144Section 271(1)(c)

bogus purchase by mentioning categorically that there is nothing to prove the entry pass evidences are baseless and sustained the addition at the GP rate arrived at by the assessee. Consequently, the addition of 2,52,917/- was sustained. As against the addition o f 3 1 , 790/- made by disallowing 20% of some of the expenses, the same

SH. AMAR SINGH,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

ITA 365/CHANDI/2017[2007-08]Status: DisposedITAT Chandigarh26 Feb 2018AY 2007-08

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

For Appellant: Sh. Rohit GoelFor Respondent: Smt. Chandrakanta

54F invested subsequent to the receipt of money against sale of agriculture land. 3. That learned CIT (Appeals) has erred in law and facts in adopting indexed cost of land valued on the basis of land value on 1-4-1981 at Rs. 3,58,321/-. 4. That learned CIT (Appeals) has erred in law and facts in confirming

SH. JAI RAM,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

ITA 366/CHANDI/2017[2007-08]Status: DisposedITAT Chandigarh26 Feb 2018AY 2007-08

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

For Appellant: Sh. Rohit GoelFor Respondent: Smt. Chandrakanta

54F invested subsequent to the receipt of money against sale of agriculture land. 3. That learned CIT (Appeals) has erred in law and facts in adopting indexed cost of land valued on the basis of land value on 1-4-1981 at Rs. 3,58,321/-. 4. That learned CIT (Appeals) has erred in law and facts in confirming