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1,305 results for “bogus purchases”+ Section 17(2)(iii)clear

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Key Topics

Addition to Income77Section 153A68Section 14765Section 6848Section 143(3)34Section 69A28Section 153C28Disallowance23Section 13222Search & Seizure

M/S. NIRALA HOUSING PVT. LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the five appeals are dismissed

ITA 3137/DEL/2015[2012-13]Status: DisposedITAT Delhi16 Nov 2018AY 2012-13

Bench: Shri S.K. Yadav & Shri Anadee Nath Misshra

For Appellant: Sh. Rahul Khare, Adv. &For Respondent: Sh. Manoj Kumar Chopra, Sr. DR
Section 132Section 271Section 271(1)(c)Section 271A

bogus expenses; Rs8,00,000 that was part of the surrendered sum of Rs 10 crores but had not been reflected as additional business income against any of the companies of the group; and Rs 8,21,575 as disallowance u/s 14A. He also initiated penalty proceedings u/s 271AAA and 271(l)(c). While adjudicating the appeal filed

DCIT, NEW DELHI vs. M/S NIRALA HOUSING PVT. LTD.,, NEW DELHI

Showing 1–20 of 1,305 · Page 1 of 66

...
21
Section 14816
Bogus Purchases11

In the result, all the five appeals are dismissed

ITA 3531/DEL/2015[2011-12]Status: DisposedITAT Delhi16 Nov 2018AY 2011-12

Bench: Shri S.K. Yadav & Shri Anadee Nath Misshra

For Appellant: Sh. Rahul Khare, Adv. &For Respondent: Sh. Manoj Kumar Chopra, Sr. DR
Section 132Section 271Section 271(1)(c)Section 271A

bogus expenses; Rs8,00,000 that was part of the surrendered sum of Rs 10 crores but had not been reflected as additional business income against any of the companies of the group; and Rs 8,21,575 as disallowance u/s 14A. He also initiated penalty proceedings u/s 271AAA and 271(l)(c). While adjudicating the appeal filed

M/S. NIRALA HOUSING PVT. LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the five appeals are dismissed

ITA 3136/DEL/2015[2012-13]Status: DisposedITAT Delhi16 Nov 2018AY 2012-13

Bench: Shri S.K. Yadav & Shri Anadee Nath Misshra

For Appellant: Sh. Rahul Khare, Adv. &For Respondent: Sh. Manoj Kumar Chopra, Sr. DR
Section 132Section 271Section 271(1)(c)Section 271A

bogus expenses; Rs8,00,000 that was part of the surrendered sum of Rs 10 crores but had not been reflected as additional business income against any of the companies of the group; and Rs 8,21,575 as disallowance u/s 14A. He also initiated penalty proceedings u/s 271AAA and 271(l)(c). While adjudicating the appeal filed

M/S. NIRALA HOUSING PVT. LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the five appeals are dismissed

ITA 3135/DEL/2015[2011-12]Status: DisposedITAT Delhi16 Nov 2018AY 2011-12

Bench: Shri S.K. Yadav & Shri Anadee Nath Misshra

For Appellant: Sh. Rahul Khare, Adv. &For Respondent: Sh. Manoj Kumar Chopra, Sr. DR
Section 132Section 271Section 271(1)(c)Section 271A

bogus expenses; Rs8,00,000 that was part of the surrendered sum of Rs 10 crores but had not been reflected as additional business income against any of the companies of the group; and Rs 8,21,575 as disallowance u/s 14A. He also initiated penalty proceedings u/s 271AAA and 271(l)(c). While adjudicating the appeal filed

NIRALA DEVELOPERS PVT. LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the five appeals are dismissed

ITA 3155/DEL/2015[2012-13]Status: DisposedITAT Delhi16 Nov 2018AY 2012-13

Bench: Shri S.K. Yadav & Shri Anadee Nath Misshra

For Appellant: Sh. Rahul Khare, Adv. &For Respondent: Sh. Manoj Kumar Chopra, Sr. DR
Section 132Section 271Section 271(1)(c)Section 271A

bogus expenses; Rs8,00,000 that was part of the surrendered sum of Rs 10 crores but had not been reflected as additional business income against any of the companies of the group; and Rs 8,21,575 as disallowance u/s 14A. He also initiated penalty proceedings u/s 271AAA and 271(l)(c). While adjudicating the appeal filed

PANCHSHEEL BUILDTECH PVT. LTD.,,NOIDA vs. DCIT, GHAZIABAD

Appeals are partly allowed

ITA 5087/DEL/2016[2009-10]Status: DisposedITAT Delhi22 Jun 2017AY 2009-10

Bench: Shri I. C. Sudhir & Shri O. P. Kanti.T. Appeal Nos. 5087 To 5091/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Buildtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 3492 N A N D I.T. Appeal Nos. 5062 To 5066/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Realtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 5726 F (Appellants) (Respondents) Assessee By : Shri Sanjay Mehra, C. A.; Department By : Ms. Paramita Tripathy, Cit [Dr]; Date Of Hearing : 27.03.2017 Date Of Pronouncement : 22.06.2017 O R D E R Per I. C. Sudhir, J. M. :

For Appellant: Shri Sanjay Mehra, C. AFor Respondent: Ms. Paramita Tripathy, CIT [DR]
Section 153A

2 : In these grounds the assessee has questioned the disallowance made and upheld by the authorities below on account of the alleged bogus purchases. The Assessing Officer doubted the genuineness of the claimed purchases made by the assessee mainly on the ground that they were not found on the addresses given. The contention of the assessee remained that

PANCHSHEEL REALTECH PVT. LTD.,NOIDA vs. DCIT, GHAZIABAD

Appeals are partly allowed

ITA 5062/DEL/2016[2009-10]Status: DisposedITAT Delhi22 Jun 2017AY 2009-10

Bench: Shri I. C. Sudhir & Shri O. P. Kanti.T. Appeal Nos. 5087 To 5091/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Buildtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 3492 N A N D I.T. Appeal Nos. 5062 To 5066/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Realtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 5726 F (Appellants) (Respondents) Assessee By : Shri Sanjay Mehra, C. A.; Department By : Ms. Paramita Tripathy, Cit [Dr]; Date Of Hearing : 27.03.2017 Date Of Pronouncement : 22.06.2017 O R D E R Per I. C. Sudhir, J. M. :

For Appellant: Shri Sanjay Mehra, C. AFor Respondent: Ms. Paramita Tripathy, CIT [DR]
Section 153A

2 : In these grounds the assessee has questioned the disallowance made and upheld by the authorities below on account of the alleged bogus purchases. The Assessing Officer doubted the genuineness of the claimed purchases made by the assessee mainly on the ground that they were not found on the addresses given. The contention of the assessee remained that

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset

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

The appeal of the revenue is dismissed

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

iii. He further stated that no undisclosed assets or wealth was found during the course of search from the premises of the assessee company as well as from the residence of the directors of the assessee company. Therefore, in fact the cash received from the bogus purchases was not invested by the assessee in any of the real asset