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6 results for “bogus purchases”+ Section 270clear

Sorted by relevance

Mumbai131Delhi69Chennai38Jaipur33Ahmedabad19Allahabad19Guwahati17Kolkata14Visakhapatnam14Indore13Bangalore12Pune12Chandigarh10Hyderabad6Surat6Raipur5Rajkot5Amritsar3Lucknow3Nagpur2Agra2Patna1Cuttack1

Key Topics

Section 69B9Section 40A(3)6Section 115B6Section 234A6Section 153A6Addition to Income6Section 143(3)4Section 404Section 683

DEMI REALTORS,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes on the above terms

ITA 156/HYD/2023[2008-09]Status: DisposedITAT Hyderabad05 Feb 2024AY 2008-09

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

For Respondent: Ms. T. Vijaya Lakhsmi, CIT-DR
Section 143(3)Section 37(1)Section 40Section 40A(3)Section 40a

bogus. The findings of the ld. CIT(A) on this issue are incorrect. 11. The ld.CIT(A) erred in sustaining the disallowance of Rs.8,41,87,239/- made by the Assessing Officer by invoking provisions of section 40(a)(ia) of the Act. 12. The Id. CIT(A) erred in sustaining the addition of Rs.18,47,25,000 made

Disallowance3
Business Income3
Unexplained Cash Credit3

KANISHKA GUPTA,,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

ITA 119/HYD/2022[2018-19]Status: DisposedITAT Hyderabad11 Jan 2023AY 2018-19

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

For Appellant: Shri Narahari BiswalFor Respondent: Shri K.P.R.R. Murthy
Section 115BSection 132Section 143(3)Section 153ASection 234ASection 68Section 69B

270/-. The capital account of the 01.04.2017 to 31.03.2018, shows no cash withdrawals during August and October, 2017 to make payments to the builder towards purchase of villa. However, there was an entry with regard to cash payment of Rs.35,00,000/- to the assessee on 31.03.2018. Since this payment of cash is in the month of March, that

RONAK GUPTA,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

ITA 120/HYD/2022[2018-19]Status: DisposedITAT Hyderabad11 Jan 2023AY 2018-19

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

For Appellant: Shri Narahari BiswalFor Respondent: Shri K.P.R.R. Murthy
Section 115BSection 132Section 143(3)Section 153ASection 234ASection 68Section 69B

270/-. The capital account of the 01.04.2017 to 31.03.2018, shows no cash withdrawals during August and October, 2017 to make payments to the builder towards purchase of villa. However, there was an entry with regard to cash payment of Rs.35,00,000/- to the assessee on 31.03.2018. Since this payment of cash is in the month of March, that

SUPREME AGRO,HYDERABAD vs. ACIT CENTRAL CIRCLE-3 (1), HYDERABAD

In the result, all the appeals of assessees are dismissed

ITA 121/HYD/2022[2018-19]Status: DisposedITAT Hyderabad11 Jan 2023AY 2018-19

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

For Appellant: Shri Narahari BiswalFor Respondent: Shri K.P.R.R. Murthy
Section 115BSection 132Section 143(3)Section 153ASection 234ASection 68Section 69B

270/-. The capital account of the 01.04.2017 to 31.03.2018, shows no cash withdrawals during August and October, 2017 to make payments to the builder towards purchase of villa. However, there was an entry with regard to cash payment of Rs.35,00,000/- to the assessee on 31.03.2018. Since this payment of cash is in the month of March, that

FARMAX INDIA LIMITED,,HYDERABAD vs. DCIT, CIRCLE 1(3), HYDERABAD

In the result, the appeal filed by the assessee is dismissed and the appeal filed by the revenue is allowed

ITA 937/HYD/2014[2009-10]Status: DisposedITAT Hyderabad16 Jan 2023AY 2009-10

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyassessment Year: 2009-10 Farmax India Limited Vs. Dcit,Circle-1(3) 4Th Floor, Alluri Trade Centre I.T.Towers, A.C.Guards Bhagayanagar Colony Masab Tank Opp.Kphb Colony Hyderabad Kukatpally Hyderabad-500 072

For Appellant: NoneFor Respondent: Shri Jeevan Lal
Section 133(6)Section 133ASection 143(2)Section 148Section 40A(3)

270/- which included Rs.2,75,000/- being subscription towards increase in share capital. This being a capital expenditure, the AO disallowed the amount of Rs. 2,75,000/-. 5. The AO further noted that the assessee company during the impugned AY has allotted 6,43,000 shares of Rs.10 each at a premium of Rs.40 to 13 persons

DCIT, CIRCLE-17(1),HYDERABAD, HYDERABAD vs. FARMAX INDIA LTD., HYD, R.R.DIST

In the result, the appeal filed by the assessee is dismissed and the appeal filed by the revenue is allowed

ITA 655/HYD/2015[2010-11]Status: DisposedITAT Hyderabad16 Jan 2023AY 2010-11

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyassessment Year: 2009-10 Farmax India Limited Vs. Dcit,Circle-1(3) 4Th Floor, Alluri Trade Centre I.T.Towers, A.C.Guards Bhagayanagar Colony Masab Tank Opp.Kphb Colony Hyderabad Kukatpally Hyderabad-500 072

For Appellant: NoneFor Respondent: Shri Jeevan Lal
Section 133(6)Section 133ASection 143(2)Section 148Section 40A(3)

270/- which included Rs.2,75,000/- being subscription towards increase in share capital. This being a capital expenditure, the AO disallowed the amount of Rs. 2,75,000/-. 5. The AO further noted that the assessee company during the impugned AY has allotted 6,43,000 shares of Rs.10 each at a premium of Rs.40 to 13 persons