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2 results for “bogus purchases”+ Section 144C(5)clear

Sorted by relevance

Mumbai77Delhi22Jaipur9Bangalore5Chennai3Dehradun2Pune2Visakhapatnam1Raipur1Surat1Amritsar1

Key Topics

Section 143(3)2Section 44B2Disallowance2Addition to Income2

ADIT, DEHRADUN vs. M/S. DAELIM INDUSTRIAL CO. LTD., DEHRADUN

In the result, appeal of the Revenue is dismissed

ITA 803/DEL/2012[2008-09]Status: DisposedITAT Dehradun31 Oct 2023AY 2008-09

Bench: Shri Challa Nagendra Prasada N D Shri M. Balaganesh

For Appellant: Shri Mayank Kumar
Section 143(3)Section 144CSection 44C

144C read with section 143(3) of the Income Tax Act, 1961 (the Act) by the Assessing Officer on 24.02.2011. While completing the assessment the Assessing Officer disallowed material cost of Rs.2,06,40,432/- and expenses of Rs.1,27,48,322/-. In so far as 2 I.T.A. No. 803/Del/2012 material cost is concerned the Assessing Officer disallowed

MB PETROLEUM SERVICES LLC,MUMBAI vs. DDIT, DEHRADUN

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 1828/DEL/2015[2011-12]Status: DisposedITAT Dehradun15 Sept 2023AY 2011-12

Bench: Shri Saktijit Dey & Shri M. Balaganeshmb Petroleum Services Llc, Vs. Ddit, Kirtane & Pandit, H-16, Circle-1, Saraswati Colony, Sitaldevi International Taxation, Temple Road, Mahim, Dehradun Mumbai (Appellant) (Respondent) Pan: Aaecm2604H

For Appellant: Smt Shashi M. Kapila, AdvFor Respondent: Sh. Mayank Kumar, JCIT, DR
Section 143(3)Section 32Section 44B

Purchase” a sum of Rs. 3,07,19,295/- has been debited by the assessee in the profit and loss account. Out of this, the ld AO observed that the assessee could not produce the invoices for Rs. 67,33,505/- and accordingly, proceeded to disallow the same as not allowable expenses