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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132 (4A) as well as under section 292C of the Income Tax Act. xx. He further pressed into service an argument that if the purchases are found to be bogus

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

132(4) of Income Tax Act. 1961 and he was asked about his modus operandi for providing accommodation entries. He admitted that he provides bogus bills/entry of loans/capital to the beneficiaries and after rotating the amount received from the beneficiary in some of his bogus companies, he ultimately transfers the amount to its beneficiary. 2.8. The A.O. also referred

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

132(4) of Income Tax Act. 1961 and he was asked about his modus operandi for providing accommodation entries. He admitted that he provides bogus bills/entry of loans/capital to the beneficiaries and after rotating the amount received from the beneficiary in some of his bogus companies, he ultimately transfers the amount to its beneficiary. 2.8. The A.O. also referred

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

132(4) of Income Tax Act. 1961 and he was asked about his modus operandi for providing accommodation entries. He admitted that he provides bogus bills/entry of loans/capital to the beneficiaries and after rotating the amount received from the beneficiary in some of his bogus companies, he ultimately transfers the amount to its beneficiary. 2.8. The A.O. also referred

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

132(4) of Income Tax Act. 1961 and he was asked about his modus operandi for providing accommodation entries. He admitted that he provides bogus bills/entry of loans/capital to the beneficiaries and after rotating the amount received from the beneficiary in some of his bogus companies, he ultimately transfers the amount to its beneficiary. 2.8. The A.O. also referred

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

132(4) of Income Tax Act. 1961 and he was asked about his modus operandi for providing accommodation entries. He admitted that he provides bogus bills/entry of loans/capital to the beneficiaries and after rotating the amount received from the beneficiary in some of his bogus companies, he ultimately transfers the amount to its beneficiary. 2.8. The A.O. also referred

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

132(4) of Income Tax Act. 1961 and he was asked about his modus operandi for providing accommodation entries. He admitted that he provides bogus bills/entry of loans/capital to the beneficiaries and after rotating the amount received from the beneficiary in some of his bogus companies, he ultimately transfers the amount to its beneficiary. 2.8. The A.O. also referred

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

purchases of `8,86,36,574/- under Section 37(1) of the Act thereby treating the same as bogus ones i.e., mere accommodation entries going by its authorized persons’ statements recorded in the course of Section 132