32 results for “bogus purchases”+ Section 153Aclear
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In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed
Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar
153A of the Income-tax Act, 1961 (‘the Act’) on jurisdictional/legal grounds, erred in not adjudicating the remaining grounds challenging the merits of the impugned addition made u/s 68 of the Act on account of alleged bogus LTCG claimed as exempt u/s 10(38) of the Act.” 3.1 As discussed earlier, the Ld. CIT(A), while allowing the Assessees’ Appeals