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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

set aside the additions made by the lower authorities for those years. 28. Now the next issues is pertaining to Ground no 5 of the appeal of the assessee which is also interlinked with the ground no 4 as the bogus purchases as well as the sales of scrap both were recorded in those excel sheets which were seized during

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

loss and the quantity of exports made. In the absence of that the issue of bogus purchases cannot be held to be valid. 38. On going through the entire factum, keeping in view that the purchases have been duly entered in the books of accounts, the vouchers have been maintained, payments have not been made beyond Rs.20,000/-, exports have

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

loss and the quantity of exports made. In the absence of that the issue of bogus purchases cannot be held to be valid. 38. On going through the entire factum, keeping in view that the purchases have been duly entered in the books of accounts, the vouchers have been maintained, payments have not been made beyond Rs.20,000/-, exports have

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

loss and the quantity of exports made. In the absence of that the issue of bogus purchases cannot be held to be valid. 38. On going through the entire factum, keeping in view that the purchases have been duly entered in the books of accounts, the vouchers have been maintained, payments have not been made beyond Rs.20,000/-, exports have

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

loss and the quantity of exports made. In the absence of that the issue of bogus purchases cannot be held to be valid. 38. On going through the entire factum, keeping in view that the purchases have been duly entered in the books of accounts, the vouchers have been maintained, payments have not been made beyond Rs.20,000/-, exports have

M/S FIREPRO WIRELESS & TECHNOLOGIES PVT. LTD.,,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal filed by the assessee is allowed

bogus purchase is called for especially in absence of any incriminating material found during the course of search for the impugned assessment year. In this view of the matter, we set aside the order of the CIT(A) and direct the AO to delete the addition. 11. In grounds No.2 to 4, the assessee has challenged the disallowance of Rs.1

MANJU SHARMA,NEW DELHI vs. ITO WARD - 45(5), NEW DELHI

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri R.K. Panda & Ms Suchitra Kambleassessment Year: 2014-15 Manju Sharma, Vs Ito, Wz-43B, Meenakshi Garden, Ward-45(5), New Delhi. New Delhi. Pan: Aatps2170A (Appellant) (Respondent) Assessee By : Shri Krishnan Sampath, Advocate Revenue By : Ms Rinku Singh, Sr. Dr Date Of Hearing : 03.11.2020 Date Of Pronouncement : 23.11.2020 Order Per R.K. Panda, Am: This Appeal Filed By The Assessee Is Directed Against The Order Dated 05.09.2019 Passed By The Ld. Cit(A)-15, New Delhi, Relating To Assessment Year 2014-15. 2. Facts Of The Case, In Brief, Are That The Assessee Is An Individual & Is Proprietor Of M/S Eastern Galaxy Which Is Engaged In The Business Of Export Of Handicrafts & Decorative Items. She Filed Her Return Of Income On 29.11.2014 Declaring Taxable Income Of Rs.47,10,000/-. The Case Of The Assessee Was Selected For Limited Scrutiny Under Cass With The Reason That There Is “Large Increase In Sundry Creditors With Respect To Turnover As Compared To Preceding Year.”

set aside and the grounds raised by the assessee should be deleted. 24. The ld. DR, on the other hand, heavily relied on the order of the AO and the CIT(A). He submitted that the assessee in the instant case has shown unsubstantiated sundry creditors of Rs.6.71 crores on a total turnover of Rs.5.56 crores and purchase of Rs.5.40

ASSISTANT COMMISSIONER OF INCOME TAX, DELHI vs. THE INDURE PRIVATE LIMITED, DELHI

In the result, the appeal filed by the Department of Revenue is dismissed

Bench: Shri S Rifaur Rahman & Shri Vimal Kumarassessment Year: 2013-14 Assistant Commissioner Of Vs. The Indure Private Limited, Income Tax, Indure House, Greater Kailash Part Ii, Delhi South Delhi 1100 48 Pan :Aaact0121C (Appellant) (Respondent)

set Fabrications of (Prop. Business information of Shri Baburam Samasi 3. The transactions made by the assessee with non-existing entities. Ld. AO had reasoned to believe that income had escaped assessment within the meaning of section 147 of the Act. An order under Section 148A(d) and notice under Section 148 of the Act dated 28.07.2022 were issued. Notices