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

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

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

In the result, the appeal of the Assessee is allowed

3) to the\nfifteenth proviso to clause (23C) of section 10 of the Act that where a reference,\nunder the first proviso to sub-section (3) of section 143, has been made on or before\nthe 31st March, 2022 by the Assessing Officer for the contravention of certain\nprovisions of clause (23C) of section 10 of the Act, such references

ACIT, CENTRAL CIRCLE- 19, NEW DELHI vs. AMQ AGRO INDIA PVT. LTD., NEW DELHI

In the result, both the appeals of the assessee are partly allowed and both the appeals of the revenue are dismissed

Bench: Sh. H. S. Sidhudr. B. R. R. Kumar(Through Video Conferencing) Ita No. 2805/Del/2018 : Asstt. Year : 2013-14 Ita No. 2806/Del/2018 : Asstt. Year : 2014-15 M/S Amq Agro India Pvt. Ltd. Vs Asstt. Commissioner Of Income C-134, Ground Floor, Defence Tax, Central Circle-19, Colony, New Delhi-110024 New Delhi (Appellant) (Respondent) Pan No. Aaeca0929M

10. During the course of assessment proceedings the Assessing officer has made disallowance on account of purchases by holding certain purchases as bogus purchases. The disallowance of purchases made by the AO also includes purchases for which payment were made in cash by holding that the same are required to be disallowed U/s 40A (3) of the I.T Act. Asst

AMQ AGRO INDIA PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and both the appeals of the revenue are dismissed

Bench: Sh. H. S. Sidhudr. B. R. R. Kumar(Through Video Conferencing) Ita No. 2805/Del/2018 : Asstt. Year : 2013-14 Ita No. 2806/Del/2018 : Asstt. Year : 2014-15 M/S Amq Agro India Pvt. Ltd. Vs Asstt. Commissioner Of Income C-134, Ground Floor, Defence Tax, Central Circle-19, Colony, New Delhi-110024 New Delhi (Appellant) (Respondent) Pan No. Aaeca0929M

10. During the course of assessment proceedings the Assessing officer has made disallowance on account of purchases by holding certain purchases as bogus purchases. The disallowance of purchases made by the AO also includes purchases for which payment were made in cash by holding that the same are required to be disallowed U/s 40A (3) of the I.T Act. Asst

AMQ AGRO INDIA PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and both the appeals of the revenue are dismissed

Bench: Sh. H. S. Sidhudr. B. R. R. Kumar(Through Video Conferencing) Ita No. 2805/Del/2018 : Asstt. Year : 2013-14 Ita No. 2806/Del/2018 : Asstt. Year : 2014-15 M/S Amq Agro India Pvt. Ltd. Vs Asstt. Commissioner Of Income C-134, Ground Floor, Defence Tax, Central Circle-19, Colony, New Delhi-110024 New Delhi (Appellant) (Respondent) Pan No. Aaeca0929M

10. During the course of assessment proceedings the Assessing officer has made disallowance on account of purchases by holding certain purchases as bogus purchases. The disallowance of purchases made by the AO also includes purchases for which payment were made in cash by holding that the same are required to be disallowed U/s 40A (3) of the I.T Act. Asst

DCIT, CENTRAL CIRCLE- 19, NEW DELHI vs. AMQ AGRO INDIA PVT. LTD., NEW DELHI

In the result, both the appeals of the assessee are partly allowed and both the appeals of the revenue are dismissed

Bench: Sh. H. S. Sidhudr. B. R. R. Kumar(Through Video Conferencing) Ita No. 2805/Del/2018 : Asstt. Year : 2013-14 Ita No. 2806/Del/2018 : Asstt. Year : 2014-15 M/S Amq Agro India Pvt. Ltd. Vs Asstt. Commissioner Of Income C-134, Ground Floor, Defence Tax, Central Circle-19, Colony, New Delhi-110024 New Delhi (Appellant) (Respondent) Pan No. Aaeca0929M

10. During the course of assessment proceedings the Assessing officer has made disallowance on account of purchases by holding certain purchases as bogus purchases. The disallowance of purchases made by the AO also includes purchases for which payment were made in cash by holding that the same are required to be disallowed U/s 40A (3) of the I.T Act. Asst

DCIT, CENTRAL CIRCLE-II, NOIDA vs. SHIV SHAKTI CONSTRUCTION, GREATER NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

10,789/- against returned income of Rs.2,35,63,250/- for the Assessment Year 2015-16 in question. 8. Aggrieved by the disallowance towards bogus purchases, i.e., estimated increase in sundry creditors; cash expenses incurred in violation of Section 40A(3

SHIV SHAKTI CONSTRUCTIONS,GAUTAM BUDH NAGAR vs. ACIT, CENTRAL CIRCLE-11, NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

10,789/- against returned income of Rs.2,35,63,250/- for the Assessment Year 2015-16 in question. 8. Aggrieved by the disallowance towards bogus purchases, i.e., estimated increase in sundry creditors; cash expenses incurred in violation of Section 40A(3