DCIT., CIRCLE 3(1), HYDERABAD vs. ROHINI MINERALS PRIVATE LIMITED, HYDERABAD

In the result, all the three appeals filed by the Revenue for the A

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं /Ita No.980/Hyd/2024, 1079/Hyd/2024 & 1080/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2018-19, 2014-15 & 2015-16) Dcit Vs. M/S Rohini Minerals Circle-3(1) Private Limited Hyderabad Hyderabad [Pan :Aaccr0773N] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S.K.Gupta, Ar रधजस् व द्वधरध/Revenue By: Shri B Bala Krishna, Cit-Dr Shri Srinath Sadanala, Sr.Ar

bogus in nature and thus rejected the arguments of the assessee and made addition of Rs. 2,36,00,792/- to the total income of the assessee. 5. Being aggrieved by the assessment order, the assessee preferred an appeal before the Ld.CIT(A). Before the Ld.CIT(A), the assessee had filed relevant evidences, including bills in support of purchases from

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD vs. KARNI JEWELLERS, HYDERABAD

In the result, both the appeals of the Revenue are allowed

Bench: Shri A. Mohan Alankamony & Sri S.S. Godara

bogus purchases have to be disallowed as allowable deduction while computing the income of the assessee. This is a case

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD vs. SRI KARNI JEWELLERS, HYDERABAD

In the result, both the appeals of the Revenue are allowed

Bench: Shri A. Mohan Alankamony & Sri S.S. Godara

bogus purchases have to be disallowed as allowable deduction while computing the income of the assessee. This is a case

DCIT., CIRCLE 3(1), HYDERABAD vs. ROHINI MINERALS PRIVATE LIMITED, HYDERABAD

In the result, all the three appeals filed by the Revenue for\nthe A

bogus in nature and thus rejected the arguments of\nthe assessee and made addition of Rs.2,36,00,792/- to the total\nincome of the assessee.\n5. Being aggrieved by the assessment order, the assessee\npreferred an appeal before the Ld.CIT(A). Before the Ld.CIT(A),\nthe assessee had filed relevant evidences, including bills in\nsupport of purchases from

MUSADDILALS JEWELLERS (INDIA) PRIVATE LIMITED.,HYDERABAD. vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(2)., HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2012-13 Musaddilals Jewellers (India) Vs. Asst. Commissioner Of Pvt. Ltd., Hyderabad. Income-Tax, Circle – 16(2), Hyderabad. Pan – Aafcm 4841 H

deduction of RS.1.33 crores on account of purchases merely on the basis of suspicion because the sellers and the canvassing agents have not been produced before them. We find that the order of the Tribunal is well a reasoned order taking into account all the facts before concluding that the purchases of Rs.1.33 crores was not bogus

BHAGATRAM ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

The appeals of the assessee are allowed for all the relevant assessment years

Bench: Shri A. Mohan Alankamony

bogus and therefore, the entire purchases should be disallowed as deductible expenses while computing the income of the assessee. Accordingly

BHAGATRAM ,HYDERABAD vs. INCOME TAX OFFICER, WARD-5(3), HYDERABAD

The appeals of the assessee are allowed for all the relevant assessment years

Bench: Shri A. Mohan Alankamony

bogus and therefore, the entire purchases should be disallowed as deductible expenses while computing the income of the assessee. Accordingly

BHAGATRAM ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

The appeals of the assessee are allowed for all the relevant assessment years

Bench: Shri A. Mohan Alankamony

bogus and therefore, the entire purchases should be disallowed as deductible expenses while computing the income of the assessee. Accordingly

BHAGATRAM ,HYDERABAD vs. INCOME TAX OFFICER, WARD-5(3), HYDERABAD

The appeals of the assessee are allowed for all the relevant assessment years

Bench: Shri A. Mohan Alankamony

bogus and therefore, the entire purchases should be disallowed as deductible expenses while computing the income of the assessee. Accordingly

BHAGATRAM ,HYDERABAD vs. INCOME TAX OFFICER, WARD-5(3), HYDERABAD

The appeals of the assessee are allowed for all the relevant assessment years

Bench: Shri A. Mohan Alankamony

bogus and therefore, the entire purchases should be disallowed as deductible expenses while computing the income of the assessee. Accordingly

ACIT., CENTRAL CIRCLE-2(4), HYDERABAD vs. R.K.INFRACORP PRIVATE LIMITED, HYDERABAD

bogus purchases in its books of accounts. The\nAO, based on his aforesaid observations, which though were explicitly\nrecorded only in context of the aforementioned three entries, however\ndrew adverse inferences with respect to 24 entries mentioned in the\nseized document, viz., Annexure A-1/Pages 01-02 and made an addition\nof Rs.20,35,50,000/- by treating

R.K.INFRACORP PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(4), HYDERABAD

bogus purchases in its books of accounts. The\nAO, based on his aforesaid observations, which though were explicitly\nrecorded only in context of the aforementioned three entries, however\ndrew adverse inferences with respect to 24 entries mentioned in the\nseized document, viz., Annexure A-1/Pages 01-02 and made an addition\nof Rs.20,35,50,000/- by treating

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus/ accommodation entries of purchase bills/unexplained and unverifiable expenses with various vendors have been pointed in a show-cause notice is erroneous. The disallowance made by the learned AO is not based on any specific finding and is devoid of appreciation of the details submitted by the Appellant. 2.2.2. In this regard, we wish to submit that during the assessment

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus/ accommodation entries of purchase bills/unexplained and unverifiable expenses with various vendors have been pointed in a show-cause notice is erroneous. The disallowance made by the learned AO is not based on any specific finding and is devoid of appreciation of the details submitted by the Appellant. 2.2.2. In this regard, we wish to submit that during the assessment

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus/ accommodation entries of purchase bills/unexplained and unverifiable expenses with various vendors have been pointed in a show-cause notice is erroneous. The disallowance made by the learned AO is not based on any specific finding and is devoid of appreciation of the details submitted by the Appellant. 2.2.2. In this regard, we wish to submit that during the assessment

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus/ accommodation entries of purchase bills/unexplained and unverifiable expenses with various vendors have been pointed in a show-cause notice is erroneous. The disallowance made by the learned AO is not based on any specific finding and is devoid of appreciation of the details submitted by the Appellant. 2.2.2. In this regard, we wish to submit that during the assessment

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELCOM INFRASTRUTURE PRIVATE LIMITED , HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus/ accommodation entries of purchase bills/unexplained and unverifiable expenses with various vendors have been pointed in a show-cause notice is erroneous. The disallowance made by the learned AO is not based on any specific finding and is devoid of appreciation of the details submitted by the Appellant. 2.2.2. In this regard, we wish to submit that during the assessment

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELCOM INFRASTRUTURE PRIVATE LIMITED , HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus/ accommodation entries of purchase bills/unexplained and unverifiable expenses with various vendors have been pointed in a show-cause notice is erroneous. The disallowance made by the learned AO is not based on any specific finding and is devoid of appreciation of the details submitted by the Appellant. 2.2.2. In this regard, we wish to submit that during the assessment

SURYA PRABHA SUNKAVALLI,HYDERABAD vs. INCOME TAX OFFICER, WARD-14(3), HYDERABAD

In the result, appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Chary

bogus purchases then the profit has to be estimated. In PCIT Vs. M/s.Paramshakti Distributors Pvt. Ltd., in Income Tax Appeal No.413 of 2017 on the file of the Hon'ble Bombay High Court the Revenue has not rejected the instances of purchases by accepting the sales, it was proper to tax the profit embedded in such purchases. In ACIT