44 results for “bogus purchases”+ Section 271Bclear
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In the result, both the appeals of the assessee are allowed
Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.1222 & 1223/Mds/2016 "नधा"रण वष" / Assessment Year : 2011-12 Shri P. Senthil Kumar, The Income Tax Officer, P-2, Hig, Adyar Apartments, V. Business Ward Xv(3), Circular Road, Kottur Gardens, Chennai. Kotturpuram, Chennai - 600 085. Pan : Abbps 1019 H (अपीलाथ"/Appellant) (""यथ"/Respondent)
bogus entities, the Assessing Officer found that the provisions of Section 40A(3) of the Act is also applicable for disallowing the payment for purchase of granites. Therefore, according to the Ld. D.R., the CIT(Appeals) has rightly confirmed the addition made by the Assessing Officer. 9. We have considered the rival submissions on either side and perused the relevant