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54 results for “bogus purchases”+ Bogus/Accommodation Entryclear

Sorted by relevance

Delhi54Mumbai46Kolkata16Hyderabad6Raipur5Surat4Jaipur4Bangalore4Ahmedabad3Agra2Indore1

Key Topics

Section 147102Section 14875Section 143(3)54Section 6850Addition to Income50Reassessment21Section 10(38)20Reopening of Assessment20Section 15115

GARG ACRYLICS LTD.,NEW DELHI vs. ADDL. CIT, SPECIAL RANGE- 4, NEW DELHI

In the result, the appeal of the Assessee in ITA

ITA 5870/DEL/2018[2011-12]Status: DisposedITAT Delhi25 May 2022AY 2011-12

Bench: Shri Pradip Kumar Kedia & Shri Yogesh Kumar Us

For Appellant: Shri Ashwani Kumar, CAFor Respondent: Shri Mithun Shete, Sr.D.R
Section 143(3)Section 147Section 148

bogus/accommodation entries provided sufficient basis in law to the Assessing Officer to act upon such I.T.As. No.3456/D/19, 5870, 5871/D/18 8 prima facie information. It was submitted that the information received pointing out escapement of income were relevant and need not be pin-point accurate or complete in all respect at the stage of issuance of notice. It was thus submitted

GARG ACRYLICS LTD.,NEW DELHI vs. ADDL. CIT, SPECIAL RANGE- 4, NEW DELHI

Showing 1–20 of 54 · Page 1 of 3

Disallowance15
Section 69C12
Section 143(1)11

In the result, the appeal of the Assessee in ITA

ITA 3456/DEL/2019[2010-11]Status: DisposedITAT Delhi25 May 2022AY 2010-11

Bench: Shri Pradip Kumar Kedia & Shri Yogesh Kumar Us

For Appellant: Shri Ashwani Kumar, CAFor Respondent: Shri Mithun Shete, Sr.D.R
Section 143(3)Section 147Section 148

bogus/accommodation entries provided sufficient basis in law to the Assessing Officer to act upon such I.T.As. No.3456/D/19, 5870, 5871/D/18 8 prima facie information. It was submitted that the information received pointing out escapement of income were relevant and need not be pin-point accurate or complete in all respect at the stage of issuance of notice. It was thus submitted

GARG ACRYLICS LTD.,NEW DELHI vs. ADDL. CIT, SPECIAL RANGE- 4, NEW DELHI

In the result, the appeal of the Assessee in ITA

ITA 5871/DEL/2018[2012-13]Status: DisposedITAT Delhi25 May 2022AY 2012-13

Bench: Shri Pradip Kumar Kedia & Shri Yogesh Kumar Us

For Appellant: Shri Ashwani Kumar, CAFor Respondent: Shri Mithun Shete, Sr.D.R
Section 143(3)Section 147Section 148

bogus/accommodation entries provided sufficient basis in law to the Assessing Officer to act upon such I.T.As. No.3456/D/19, 5870, 5871/D/18 8 prima facie information. It was submitted that the information received pointing out escapement of income were relevant and need not be pin-point accurate or complete in all respect at the stage of issuance of notice. It was thus submitted

M/S GRAND SLAM PVT. LTD.,,NEW DELHI vs. ITO, NEW DELHI

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

ITA 1791/DEL/2013[2003-04]Status: DisposedITAT Delhi09 Jun 2017AY 2003-04

Bench: Sh. I.C. Sudhir & Sh. O.P. Kantassessment Year: 2003-04

Section 131Section 13aSection 143(1)Section 143(2)Section 147Section 148Section 68

purchase of assets etc., in the form of gifts, share application money, loans etc. 2. To inflate expense in the trading and P&L a/c so as to reduce the real profits and thereby pay less taxes. It has been revealed that the following entries have been received by the assessee : 17 Beneficiary’s Beneficiary’s Beneficiary’s Value Name

CHAMPION BUILDER PVT. LTD.,KOLKATA vs. ITO,WARD-1(3), GURGAON

In the result, both the appeals of the assessee are partly

ITA 462/DEL/2024[2015-16]Status: DisposedITAT Delhi21 Aug 2024AY 2015-16

Bench: Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A Nos.462 & 463/Del/2024 िनधा"रणवष"/Assessment Years: 2015-16 & 2016-17

Section 144BSection 147Section 148Section 68

bogus/accommodation entries provided by certain individuals/ companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: "Entries are broadly taken for two purposes: 1. To plough back unaccounted black money

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

ITA 1628/DEL/2015[2011-12]Status: DisposedITAT Delhi15 Mar 2019AY 2011-12

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus accommodation entries in the shape of share application money, loans, capital gain and that he was managing and controlling a number of companies/firms/sole proprietorship concerns and a number of bank accounts in the name of these entities in different banks. The Assessing Officer in the assessment order had detailed the modus operandi of the appellant adopted for providing accommodation

DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

ITA 1754/DEL/2015[2012-13]Status: DisposedITAT Delhi15 Mar 2019AY 2012-13

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus accommodation entries in the shape of share application money, loans, capital gain and that he was managing and controlling a number of companies/firms/sole proprietorship concerns and a number of bank accounts in the name of these entities in different banks. The Assessing Officer in the assessment order had detailed the modus operandi of the appellant adopted for providing accommodation

DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

ITA 1753/DEL/2015[2011-12]Status: DisposedITAT Delhi15 Mar 2019AY 2011-12

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus accommodation entries in the shape of share application money, loans, capital gain and that he was managing and controlling a number of companies/firms/sole proprietorship concerns and a number of bank accounts in the name of these entities in different banks. The Assessing Officer in the assessment order had detailed the modus operandi of the appellant adopted for providing accommodation

DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

ITA 1752/DEL/2015[2010-11]Status: DisposedITAT Delhi15 Mar 2019AY 2010-11

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus accommodation entries in the shape of share application money, loans, capital gain and that he was managing and controlling a number of companies/firms/sole proprietorship concerns and a number of bank accounts in the name of these entities in different banks. The Assessing Officer in the assessment order had detailed the modus operandi of the appellant adopted for providing accommodation

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

ITA 1627/DEL/2015[2010-11]Status: DisposedITAT Delhi15 Mar 2019AY 2010-11

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus accommodation entries in the shape of share application money, loans, capital gain and that he was managing and controlling a number of companies/firms/sole proprietorship concerns and a number of bank accounts in the name of these entities in different banks. The Assessing Officer in the assessment order had detailed the modus operandi of the appellant adopted for providing accommodation

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

ITA 1629/DEL/2015[2012-13]Status: DisposedITAT Delhi15 Mar 2019AY 2012-13

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus accommodation entries in the shape of share application money, loans, capital gain and that he was managing and controlling a number of companies/firms/sole proprietorship concerns and a number of bank accounts in the name of these entities in different banks. The Assessing Officer in the assessment order had detailed the modus operandi of the appellant adopted for providing accommodation

SANJEEV AGRAWAL,NEW DELHI vs. ACIT, CC-15, NEW DELHI

In the result, both the appeals of the assessee areallowed

ITA 1519/DEL/2021[2017-18]Status: DisposedITAT Delhi20 Sept 2023AY 2017-18

Bench: Shri Saktijit Dey, Vice-& Shri Girish Agrawal

For Appellant: Shri Gautam Jain & Ms. Monika Aggarwal, AdvsFor Respondent: Shri Ramdhan Meena, Sr. DR
Section 10(38)Section 143(3)

bogus/accommodation entry by the ld. AO. Also, the operations and modus operandi of this regulated market does not in any way provide for any mechanism by which assessee can bring forth the identity of the buyers of its shares and their creditworthiness. Further, sale proceeds are received through the stock market processing into the pre-identified bank account

SANJEEV AGRAWAL,NEW DELHI vs. ACIT, CC-15, NEW DELHI

In the result, both the appeals of the assessee areallowed

ITA 1518/DEL/2021[2016-17]Status: DisposedITAT Delhi20 Sept 2023AY 2016-17

Bench: Shri Saktijit Dey, Vice-& Shri Girish Agrawal

For Appellant: Shri Gautam Jain & Ms. Monika Aggarwal, AdvsFor Respondent: Shri Ramdhan Meena, Sr. DR
Section 10(38)Section 143(3)

bogus/accommodation entry by the ld. AO. Also, the operations and modus operandi of this regulated market does not in any way provide for any mechanism by which assessee can bring forth the identity of the buyers of its shares and their creditworthiness. Further, sale proceeds are received through the stock market processing into the pre-identified bank account

O.P.YADAV,NEW DELHI vs. DCIT, CENTRAL CIRC LE-15, NEW DELHI

In the result, the appeal filed by the assessee is dismissed

ITA 5523/DEL/2018[2000-01]Status: DisposedITAT Delhi10 Sept 2020AY 2000-01

Bench: Shri H.S. Sidhu & Shri O.P. Kant

Section 133(6)Section 143(3)Section 144Section 147Section 148Section 158B

bogus/accommodation entires. The assessee company had received Rs. 10,10,000/- on various dates during the period relevant to A.Y. 2001-02 from M/s. R.K. AGARWAL AND CO. which is nothing but the unaccounted money of the assessee i.e. M/s. Yadav & Co., introduced in the books of accounts under the garb of entries received from M/s. R.K.. Aggarwal

RKM INFOTECH & DEVELOPERS PVT. LTD.,NEW DELHI vs. ITO, NEW DELHI

In the result, appeal of the assessee is allowed on legal grounds

ITA 621/DEL/2014[2002-03]Status: DisposedITAT Delhi05 Aug 2016AY 2002-03

Bench: In The Income Tax Appellate Tribunal Delhi Bench ‘F’ New Delhi

For Appellant: ShriN. Chhillar, AdvFor Respondent: Shri R.S. Negi, Sr-DR
Section 147Section 68

bogus/accommodation entries. The modus -operandi in this regard is explained by Addl DIT (Investigation) Unit ~V1, New Delhi that the assessee is actually involved in money laundering business on a very large scale & in the grab of share Capital/Share Application money, the assessee is actually providing accommodation entries in the shape of bogus share money share applicationn money/Share Capital money

DCIT, NEW DELHI vs. M/S. ERAWAT INFOTECH PVT. LTD., NEW DELHI

Accordingly, we set-aside the order of the Ld. CIT(A) to the extent of holding the proceedings under section 147 of the Act is invalid. The grounds of the appeal of the Revenue are accordingly allowed

ITA 5570/DEL/2011[2002-03]Status: DisposedITAT Delhi24 Oct 2018AY 2002-03

Bench: Shri Amit Shukla & Shri O.P. Kantassessment Year: 2002-03 Dcit, Vs. M/S. Erawat Infotech Pvt. Central Circle-23, Room No. Ltd., 359, E-2, Ara Centre, B-44, Second Floor, Jhandewalan Extn., New Jangpura –B, New Delhi Delhi Pan :Aaace8941P (Appellant) (Respondent)

Section 131Section 143(1)Section 147Section 148Section 68

bogus/accommodation entries provided by certain individuals/companies. I have examined the report and the data of such beneficiaries as compiled by the Directorate of Investigation The name of the assessee figures as one of the beneficiaries as well as entry giver of these alleged bogus transactions given by the Directorate after making the necessary enquiries. It has been revealed that

INTEGRATED GLOBAL SOLUTIONS PVT. LTD,,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal of the assessee in ITA No

ITA 4993/DEL/2012[2006-07]Status: DisposedITAT Delhi31 Dec 2019AY 2006-07

Bench: Ms. Sushma Chowlashri N.K. Billaiya[A.Y 2006-07]

For Appellant: Shri Ashwani Kumar, CAFor Respondent: Shri S.N. Meena, Sr. DR
Section 127Section 132Section 143(3)Section 147Section 148

bogus/accommodation entries provided by certain individuals/companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: "Entries are broadly taken for two purposes: 1. To plough back unaccounted black money for the purpose

SASTVIJAY INVESTMENT & CONSULTANCY SERVICES P.LTD,NEW DELHI vs. ITO, WARD-22(4), NEW DELHI

In the result, both the appeals filed by the assessee are allowed

ITA 901/DEL/2019[2010-11]Status: DisposedITAT Delhi10 Nov 2021AY 2010-11

Bench: Shri R.K. Panda & Shri Vijay Pal Rao

For Appellant: Shri Amol Sinha &For Respondent: Shri Prakash Dubey, Sr. DR
Section 132Section 142(1)Section 143(1)Section 143(2)Section 147Section 148Section 68

bogus accommodation entries provided by Satish Saraf group of cases(entry operator) the details of accommodation entry amount received as beneficiary is given as under as provided by investigation wing: S. Beneficiaries Name of Entry Provider Amount Total Amount No. 1 M/s Satvijay Sh. Satish Saraf Group 32,50,000/- 32,50,000/- Investment & Consultancy Services P. Ltd. I have

M/S. GOODLUCK COMMERCIAL LTD.,NEW DELHI vs. ITO, NEW DELHI

In the result, both the appeals of the assessee are

ITA 3364/DEL/2014[2001-02]Status: DisposedITAT Delhi23 Sept 2015AY 2001-02

Bench: Shri H.S. Sidhu

For Appellant: Shri O.P. Mody, AdvocateFor Respondent: Shri V.K. Jiwani, Sr. DR
Section 131Section 143(1)Section 147Section 148Section 148(2)Section 68

bogus/accommodation entries provided by certain individuals/companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: "Entries are broadly taken for two purposes: 1. To plough back unaccounted black money for the purpose

M/S. GOODLUCK COMMERCIAL LTD.,NEW DELHI vs. ITO, NEW DELHI

In the result, both the appeals of the assessee are

ITA 3365/DEL/2014[2002-03]Status: DisposedITAT Delhi23 Sept 2015AY 2002-03

Bench: Shri H.S. Sidhu

For Appellant: Shri O.P. Mody, AdvocateFor Respondent: Shri V.K. Jiwani, Sr. DR
Section 131Section 143(1)Section 147Section 148Section 148(2)Section 68

bogus/accommodation entries provided by certain individuals/companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: "Entries are broadly taken for two purposes: 1. To plough back unaccounted black money for the purpose