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2 results for “bogus purchases”+ Section 340clear

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Key Topics

Section 1322Section 153A2Section 143(2)2Addition to Income2

M/S.PRINCE ROLLER FLOUR MILLS P. LTD,PALAKKAD vs. THE ACIT, KOCHI

In the result, appeals of the assessee are allowed and the appeals of the

ITA 36/COCH/2019[2009-10]Status: DisposedITAT Cochin20 Dec 2019AY 2009-10

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 132Section 143(2)Section 153A

340/- Deemed income u/s. 115JB Rs.28,73,031/- AY 2010-11 Table 1 Sl. No. Products Qty. Produced Production Sale Value Sale Quantity Average Selling in yield % Rate per tonne 1. Maida 7558.224 60.38 138827637.94 7614.544 18231.90 2. Sooji 1068.949 8.54 1991985411 1060.039 18791.62 3. Atta 920.527 7.35 15766326.52 901.821 17482.77 4. Bran 2807.850 22.43 27385048.00 2758.495 9927.53 98.70% Wheat

THE ACIT, KOCHI vs. M/S.PRINCE ROLLER FLOUR MILLS P. LTD, PALAKKAD

In the result, appeals of the assessee are allowed and the appeals of the

ITA 21/COCH/2019[2009-10]Status: Disposed
ITAT Cochin
16 Dec 2019
AY 2009-10

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 132Section 143(2)Section 153A

340/- Deemed income u/s. 115JB Rs.28,73,031/- AY 2010-11 Table 1 Sl. No. Products Qty. Produced Production Sale Value Sale Quantity Average Selling in yield % Rate per tonne 1. Maida 7558.224 60.38 138827637.94 7614.544 18231.90 2. Sooji 1068.949 8.54 1991985411 1060.039 18791.62 3. Atta 920.527 7.35 15766326.52 901.821 17482.77 4. Bran 2807.850 22.43 27385048.00 2758.495 9927.53 98.70% Wheat