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2,602 results for “bogus purchases”+ Business Incomeclear

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Key Topics

Addition to Income70Section 14762Section 143(3)49Section 153A40Search & Seizure36Section 6835Section 13234Section 14833Section 153C28

GD FOODS MANUFACTURING (INDIA) PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 26, NEW DELHI

The appeal of the revenue is dismissed

ITA 1181/DEL/2018[2015-16]Status: DisposedITAT Delhi06 Sept 2018AY 2015-16

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

ACIT, CENTRAL CIRCLE- 26, NEW DELHI vs. GD FOODS MANUFACTURING (INDIA) PVT. LTD., NEW DELHI

The appeal of the revenue is dismissed

Showing 1–20 of 2,602 · Page 1 of 131

...
Section 69A27
Disallowance22
Bogus Purchases18
ITA 1469/DEL/2018[2014-15]Status: DisposedITAT Delhi06 Sept 2018AY 2014-15

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

GD FOODS MANUFACTURING (INDIA) PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 26, NEW DELHI

The appeal of the revenue is dismissed

ITA 1190/DEL/2018[2011-12]Status: DisposedITAT Delhi06 Sept 2018AY 2011-12

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

GD FOODS MANUFACTURING (INDIA) PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 26, NEW DELHI

The appeal of the revenue is dismissed

ITA 1189/DEL/2018[2010-11]Status: DisposedITAT Delhi06 Sept 2018AY 2010-11

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

ACIT, CENTRAL CIRCLE- 26, NEW DELHI vs. GD FOODS MANUFACTURING (INDIA) PVT. LTD., NEW DELHI

The appeal of the revenue is dismissed

ITA 1466/DEL/2018[2011-12]Status: DisposedITAT Delhi06 Sept 2018AY 2011-12

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

ACIT, CENTRAL CIRCLE- 26, NEW DELHI vs. GD FOODS MANUFACTURING (INDIA) PVT. LTD., NEW DELHI

The appeal of the revenue is dismissed

ITA 1470/DEL/2018[2015-16]Status: DisposedITAT Delhi06 Sept 2018AY 2015-16

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

GD FOODS MANUFACTURING (INDIA) PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 26, NEW DELHI

The appeal of the revenue is dismissed

ITA 1182/DEL/2018[2009-10]Status: DisposedITAT Delhi06 Sept 2018AY 2009-10

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

GD FOODS MANUFACTURING (INDIA) PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 26, NEW DELHI

The appeal of the revenue is dismissed

ITA 1180/DEL/2018[2014-15]Status: DisposedITAT Delhi06 Sept 2018AY 2014-15

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

GD FOODS MANUFACTURING (INDIA) PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 26, NEW DELHI

The appeal of the revenue is dismissed

ITA 1185/DEL/2018[2012-13]Status: DisposedITAT Delhi06 Sept 2018AY 2012-13

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

GD FOODS MANUFACTURING (INDIA) PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 26, NEW DELHI

The appeal of the revenue is dismissed

ITA 1186/DEL/2018[2013-14]Status: DisposedITAT Delhi06 Sept 2018AY 2013-14

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

ACIT, CENTRAL CIRCLE- 26, NEW DELHI vs. GD FOODS MANUFACTURING (INDIA) PVT. LTD., NEW DELHI

The appeal of the revenue is dismissed

ITA 1464/DEL/2018[2009-10]Status: DisposedITAT Delhi06 Sept 2018AY 2009-10

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

ACIT, CENTRAL CIRCLE- 26, NEW DELHI vs. GD FOODS MANUFACTURING (INDIA) PVT. LTD., NEW DELHI

The appeal of the revenue is dismissed

ITA 1465/DEL/2018[2010-11]Status: DisposedITAT Delhi06 Sept 2018AY 2010-11

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

ACIT, CENTRAL CIRCLE- 26, NEW DELHI vs. GD FOODS MANUFACTURING (INDIA) PVT. LTD., NEW DELHI

The appeal of the revenue is dismissed

ITA 1467/DEL/2018[2012-13]Status: DisposedITAT Delhi06 Sept 2018AY 2012-13

Bench: Shri Prashant Maharishi & Shri K. N. Chary

For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A

income of the assessee. 11. The assessee contested the above addition before the learned CIT(A). Many contentions were raised. However, the learned CIT A rejected all of them and stated that the fact remains that the documents relating to bogus purchases are found and seized from the business

RR CARWELL PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRCLE-4, NEW DELHI

In the result, appeals filed by the assessee for AY

ITA 9154/DEL/2019[2013-14]Status: DisposedITAT Delhi11 Feb 2022AY 2013-14

Bench: Shri R.K. Panda & Ms. Suchitra Kamble

For Appellant: Shri Gurjeet Singh, C.A. &For Respondent: Smt. Sushma Singh, CIT-DR
Section 132Section 143(1)Section 153A

purchases as undisclosed income of assessee. Further, submitted that if telescoping of income was not given than there will be double addition in as much as both the undisclosed income and the investment made out of such income are 5 ITA.Nos.9153 to 9158/Del./2019 M/s. R R Carwell Pvt. Ltd., New Delhi. both brought to tax which was contrary

RR CARWELL PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRCLE-4, NEW DELHI

In the result, appeals filed by the assessee for AY

ITA 9155/DEL/2019[2014-15]Status: DisposedITAT Delhi11 Feb 2022AY 2014-15

Bench: Shri R.K. Panda & Ms. Suchitra Kamble

For Appellant: Shri Gurjeet Singh, C.A. &For Respondent: Smt. Sushma Singh, CIT-DR
Section 132Section 143(1)Section 153A

purchases as undisclosed income of assessee. Further, submitted that if telescoping of income was not given than there will be double addition in as much as both the undisclosed income and the investment made out of such income are 5 ITA.Nos.9153 to 9158/Del./2019 M/s. R R Carwell Pvt. Ltd., New Delhi. both brought to tax which was contrary

RR CARWELL PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRCLE-4, NEW DELHI

In the result, appeals filed by the assessee for AY

ITA 9156/DEL/2019[2015-16]Status: DisposedITAT Delhi11 Feb 2022AY 2015-16

Bench: Shri R.K. Panda & Ms. Suchitra Kamble

For Appellant: Shri Gurjeet Singh, C.A. &For Respondent: Smt. Sushma Singh, CIT-DR
Section 132Section 143(1)Section 153A

purchases as undisclosed income of assessee. Further, submitted that if telescoping of income was not given than there will be double addition in as much as both the undisclosed income and the investment made out of such income are 5 ITA.Nos.9153 to 9158/Del./2019 M/s. R R Carwell Pvt. Ltd., New Delhi. both brought to tax which was contrary

RR CARWELL PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRCLE-4, NEW DELHI

In the result, appeals filed by the assessee for AY

ITA 9153/DEL/2019[2012-13]Status: DisposedITAT Delhi11 Feb 2022AY 2012-13

Bench: Shri R.K. Panda & Ms. Suchitra Kamble

For Appellant: Shri Gurjeet Singh, C.A. &For Respondent: Smt. Sushma Singh, CIT-DR
Section 132Section 143(1)Section 153A

purchases as undisclosed income of assessee. Further, submitted that if telescoping of income was not given than there will be double addition in as much as both the undisclosed income and the investment made out of such income are 5 ITA.Nos.9153 to 9158/Del./2019 M/s. R R Carwell Pvt. Ltd., New Delhi. both brought to tax which was contrary

RR CARWELL PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRCLE-4, NEW DELHI

In the result, appeals filed by the assessee for AY

ITA 9158/DEL/2019[2017-18]Status: DisposedITAT Delhi11 Feb 2022AY 2017-18

Bench: Shri R.K. Panda & Ms. Suchitra Kamble

For Appellant: Shri Gurjeet Singh, C.A. &For Respondent: Smt. Sushma Singh, CIT-DR
Section 132Section 143(1)Section 153A

purchases as undisclosed income of assessee. Further, submitted that if telescoping of income was not given than there will be double addition in as much as both the undisclosed income and the investment made out of such income are 5 ITA.Nos.9153 to 9158/Del./2019 M/s. R R Carwell Pvt. Ltd., New Delhi. both brought to tax which was contrary

RR CARWELL PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRCLE-4, NEW DELHI

In the result, appeals filed by the assessee for AY

ITA 9157/DEL/2019[2016-17]Status: DisposedITAT Delhi11 Feb 2022AY 2016-17

Bench: Shri R.K. Panda & Ms. Suchitra Kamble

For Appellant: Shri Gurjeet Singh, C.A. &For Respondent: Smt. Sushma Singh, CIT-DR
Section 132Section 143(1)Section 153A

purchases as undisclosed income of assessee. Further, submitted that if telescoping of income was not given than there will be double addition in as much as both the undisclosed income and the investment made out of such income are 5 ITA.Nos.9153 to 9158/Del./2019 M/s. R R Carwell Pvt. Ltd., New Delhi. both brought to tax which was contrary

DCIT, CENTRAL CIRCLE-20, NEW DELHI vs. PARMANAND AND SONS FOODS PRODUCTS P.LTD, DELHI

In the result, the appeals are disposed of as follows:

ITA 1329/DEL/2022[2017-18]Status: DisposedITAT Delhi30 May 2024AY 2017-18

Bench: Dr. B.R.R. Kumar & Sh. Yogesh Kumar Usita No. 711, 712 & 713/Del/2022 A.Y. 2016-17, 2017-18 & 2018-19 Kwality Techmech Pvt. Ltd. Vs. Dcit/Acit, B-20, Lawrence Road Cc-20, Industrial Area , Delhi Keshav Puram, North West Delhi, Delhi-110035 Pan : Aaeck1176E Appellant Respondent

Section 69B

business as that of Assessee Company who have earned the gross profits between 10 to 12 percent, the Assessing Officer concluded that 25% of the total purchases were treated as bogus purchases. Accordingly, 25% of bogus purchase on the total purchases of Rs.92,73,19,076/- was added by the Assessing Officer to the total income