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

391 (Mum.), the Learned Counsel for the Assessee submitted that the Hon’ble Bombay High Court in the said decision has held that the purchases cannot be rejected without disturbing the sales in case of a trader and the additions are limited to the extent of bringing to G.P. rate on purchases at the same rate of other genuine purchases

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

391 (Mum.), the Learned Counsel for the Assessee submitted that the Hon’ble Bombay High Court in the said decision has held that the purchases cannot be rejected without disturbing the sales in case of a trader and the additions are limited to the extent of bringing to G.P. rate on purchases at the same rate of other genuine purchases

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

391 (Mum.), the Learned Counsel for the Assessee submitted that the Hon’ble Bombay High Court in the said decision has held that the purchases cannot be rejected without disturbing the sales in case of a trader and the additions are limited to the extent of bringing to G.P. rate on purchases at the same rate of other genuine purchases

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

391 (Mum.), the Learned Counsel for the Assessee submitted that the Hon’ble Bombay High Court in the said decision has held that the purchases cannot be rejected without disturbing the sales in case of a trader and the additions are limited to the extent of bringing to G.P. rate on purchases at the same rate of other genuine purchases

LATA GARG,HARYANA vs. DCIT , CENTRAL CIRCLE-4, NEW DELHI

In the result, ITA.No.7187/Del

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

391 (Mum.), the Learned Counsel for the Assessee submitted that the Hon’ble Bombay High Court in the said decision has held that the purchases cannot be rejected without disturbing the sales in case of a trader and the additions are limited to the extent of bringing to G.P. rate on purchases at the same rate of other genuine purchases

LATA GARG,HARYANA vs. DCIT , CENTRAL CIRCLE-4, NEW DELHI

In the result, ITA.No.7187/Del

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

391 (Mum.), the Learned Counsel for the Assessee submitted that the Hon’ble Bombay High Court in the said decision has held that the purchases cannot be rejected without disturbing the sales in case of a trader and the additions are limited to the extent of bringing to G.P. rate on purchases at the same rate of other genuine purchases

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

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

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. 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. 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.\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

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

S.C., JOHNSON PVT. LTD.,GURGAON vs. ADDI. CIT SPECIAL RANGE-8, NEW DELHI

Purchase\nmethod\" is a permissible method of accounting in cases of merger of\nwholly owned subsidiary under Accounting Standard-14 (\"AS\") and\nthe goodwill so computed in accordance has to amortize as disclosed\nin Scheme of Amalgamation read with AS-14.\n\n3.5 That the Ld. CIT(A) erred in upholding the alternative addition made