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

bogus purchase disallowance/addition of `13,52,382/- as well whereas the Revenue’s twin substantive grounds seek to uphold the same in entirety along with Section 69A addition of `40,18,132/- hereinabove (supra). 4

VESTIGE MARKETING PVT LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4. We have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE-05, DELHI

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4. We have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

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

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4. We have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

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

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4.\nWe have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4. We have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

VESTIGE MARKETING PVT. LTD.,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4.\nWe have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4.\nWe have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

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

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4. We have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4.\nWe have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

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

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4.\nWe have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

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

bogus purchase\ndisallowance/addition of ₹13,52,382/- as well whereas the Revenue's\ntwin substantive grounds seek to uphold the same in entirety along\nwith Section 69A addition of ₹40,18,132/- hereinabove (supra).\n4.\nWe have given our thoughtful consideration to the assessee and\nRevenue's vehement submissions reiterating their respective stands.\nLearned Counsel representing assessee has filed

PCIT (CENTRAL) - 3 vs. ANAND KUMAR JAIN (HUF)

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares

PCIT (CENTRAL) - 3 vs. ANAND KUMAR JAIN (HUF)

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares

PCIT (CENTRAL) - 3 vs. ANAND KUMAR JAIN (HUF)

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares

PCIT (CENTRAL) - 3 vs. ANAND KUMAR JAIN (HUF)

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares

PCIT (CENTRAL) - 3 vs. ANAND KUMAR JAIN (HUF)

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares

PCIT (CENTRAL) - 3 vs. ANAND KUMAR JAIN (HUF)

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares