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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

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

The appeal of the revenue is dismissed

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

section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus and if the sales are recorded in the books of accounts, then the addition can only be made with respect to the gross profit to that extent. He submitted that quantitative details of the assessee

RICHMOND EDUCATIONAL SOCIETY,NOIDA vs. DCIT/ACIT CENTRAL CIRCLE, GHAZIABAD, GHAZIABAD

Bench: Shri Challa Nagendra Prasad & Shri M. Balaganesh

10. The Learned PCIT had invoked Clause (a) of Explanation to Section 12AB(4) of the Act by stating that the Assessee had committed specified violation thereon. The provisions of Section 12AB(4) of the Act together with its Explanation are already reproduced hereinabove. On a plain and harmonious reading of Clause (a) of Explanation to Section 12AB

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

In the result, appeals filed by the assessee for AY

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

1) determining at the returned income. 2.2. A search under section 132 of the Act was conducted on 28.02.2017 at the business premises of the assessee at various premises from where certain papers/ documents belonging to the assessee were found and seized. In response to notice under section 153A of the I.T. Act, 1961 the assessee filed its return

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

In the result, appeals filed by the assessee for AY

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

1) determining at the returned income. 2.2. A search under section 132 of the Act was conducted on 28.02.2017 at the business premises of the assessee at various premises from where certain papers/ documents belonging to the assessee were found and seized. In response to notice under section 153A of the I.T. Act, 1961 the assessee filed its return

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

In the result, appeals filed by the assessee for AY

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

1) determining at the returned income. 2.2. A search under section 132 of the Act was conducted on 28.02.2017 at the business premises of the assessee at various premises from where certain papers/ documents belonging to the assessee were found and seized. In response to notice under section 153A of the I.T. Act, 1961 the assessee filed its return

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

In the result, appeals filed by the assessee for AY

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

1) determining at the returned income. 2.2. A search under section 132 of the Act was conducted on 28.02.2017 at the business premises of the assessee at various premises from where certain papers/ documents belonging to the assessee were found and seized. In response to notice under section 153A of the I.T. Act, 1961 the assessee filed its return

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

In the result, appeals filed by the assessee for AY

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

1) determining at the returned income. 2.2. A search under section 132 of the Act was conducted on 28.02.2017 at the business premises of the assessee at various premises from where certain papers/ documents belonging to the assessee were found and seized. In response to notice under section 153A of the I.T. Act, 1961 the assessee filed its return