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5 results for “bogus purchases”+ Section 36(1)(vii)clear

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Key Topics

Addition to Income5Section 143(1)4Section 143(2)4Section 143(3)4Section 153A4Disallowance4

M/S. BAJRANGBALI STEEL INDUSTRIES PVT. LTD,ROURKLA vs. ACIT, CENTRAL CIRCLE, SAMBALPUR

In the result, appeals of the assessee in IT(SS)A No

ITA 109/CTK/2022[2020-21]Status: DisposedITAT Cuttack28 Mar 2023AY 2020-21

Bench: Shri George Mathan & Shri Arun Khodpiaआयकर अऩीऱ (तऱाशियाां और अशिग्रहण)/It(Ss)A Nos.31 To 33/Ctk/2022 (ननधाारण वषा / Assessment Year : 2016-2017 To 2018-2019) M/S Bee Pee Rollers Pvt. Ltd., Vs Acit, Central Circle, Sambalpur Lal Building, Kachery Road, Rourkela, Sundergarh, Odisha-769012 Pan No. :Aabcb 3593 P & आयकर अऩीऱ (तऱाशियाां और अशिग्रहण)/It(Ss)A Nos.34 To 39/Ctk/2022 & आयकर अऩीऱ/Ita No.109/Ctk/2022 (ननधाारण वषा / Assessment Year : 2014-2017 To 2020-2021) M/S Bajrangbali Steel Industries Pvt. Vs Acit, Central Circle, Sambalpur Ltd., Lal Building, Kachery Road, Rourkela, Sundergarh, Odisha-769012 Pan No. :Aabcb 3594 L & आयकर अऩीऱ (तऱाशियाां और अशिग्रहण)/It(Ss)A Nos.40 To 44/Ctk/2022 (ननधाारण वषा / Assessment Year : 2014-2015 To 2018-2019) M/S Bajrangbali Re-Rollers Pvt. Ltd. Vs Acit, Central Circle, Sambalpur Lal Building, Kachery Road, Rourkela, Sundergarh, Odisha-769012 Pan No. :Aaccb 6678 A (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. ननधााररती की ओर से /Assessee By : Shri S.K.Tulsiyan, Advocate With Shri B.K. Tibrewal, Ca & Ms. Nisha Rachh, Ca Shri M.K.Gautam, Pr.Cit(Osd) राजस्व की ओर से /Revenue By : सुनवाई की तारीख / Date Of Hearing : 28/03/2023 घोषणा की तारीख/Date Of Pronouncement : 28/03/2023

For Appellant: Shri S.K.Tulsiyan, Advocate with Shri
Section 133ASection 153ASection 292CSection 69
Section 69C

1 to 29 of AnnexureA-2 were found and seized from the assessee. Once confronted with the aforesaid seized documents, it was admitted by Shri Abhay Gupta that the proprietorship concern of the assessee was engaged in unaccounted cash sales and purchases and therefore there was undisclosed income. Thus the necessary logical fall out of the aforesaid is that there

ORISSA MINING CORPORATION LTD,BHUBANESWAR vs. JCIT, BHUBANESWAR

In the result, the appeals of the assessee i

ITA 183/CTK/2014[2011-12]Status: DisposedITAT Cuttack17 May 2018AY 2011-12

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm

For Appellant: Shri Ved Jain, AR/P.V.Rao, ARFor Respondent: Shri A.K.Mohapatra, DR
Section 143(1)Section 143(2)Section 143(3)

1) of the Act along with questionnaire were issued to the assessee. In compliance to the notice, ld. AR of the assessee appeared from time to time and submitted the details and the case was discussed. The AO on perusal of the financial statements has made addition in respect of valuation of closing stock, peripheral development expenses, prior period expenses

DCIT, BHUBANESWAR vs. ORISSA MINING CORPORATION LTD, BHUBANESWAR

In the result, the appeals of the assessee i

ITA 70/CTK/2014[2010-11]Status: DisposedITAT Cuttack17 May 2018AY 2010-11

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm

For Appellant: Shri Ved Jain, AR/P.V.Rao, ARFor Respondent: Shri A.K.Mohapatra, DR
Section 143(1)Section 143(2)Section 143(3)

1) of the Act along with questionnaire were issued to the assessee. In compliance to the notice, ld. AR of the assessee appeared from time to time and submitted the details and the case was discussed. The AO on perusal of the financial statements has made addition in respect of valuation of closing stock, peripheral development expenses, prior period expenses

DCIT, CIRCLE-1(1), BHUBANESWAR, BHUBANESWAR vs. M/S. ORISSA MINING CORPORATION LTD., BHUBANESWAR

In the result, the appeals of the assessee i

ITA 257/CTK/2014[2011-12]Status: DisposedITAT Cuttack17 May 2018AY 2011-12

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm

For Appellant: Shri Ved Jain, AR/P.V.Rao, ARFor Respondent: Shri A.K.Mohapatra, DR
Section 143(1)Section 143(2)Section 143(3)

1) of the Act along with questionnaire were issued to the assessee. In compliance to the notice, ld. AR of the assessee appeared from time to time and submitted the details and the case was discussed. The AO on perusal of the financial statements has made addition in respect of valuation of closing stock, peripheral development expenses, prior period expenses

JCIT, BHUBANESWAR vs. ORISSA MINING CORPORATION LTD., BHUBANESWAR

In the result, the appeals of the assessee i

ITA 69/CTK/2014[2010-11]Status: DisposedITAT Cuttack17 May 2018AY 2010-11

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm

For Appellant: Shri Ved Jain, AR/P.V.Rao, ARFor Respondent: Shri A.K.Mohapatra, DR
Section 143(1)Section 143(2)Section 143(3)

1) of the Act along with questionnaire were issued to the assessee. In compliance to the notice, ld. AR of the assessee appeared from time to time and submitted the details and the case was discussed. The AO on perusal of the financial statements has made addition in respect of valuation of closing stock, peripheral development expenses, prior period expenses