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88 results for “bogus purchases”+ Section 89clear

Sorted by relevance

Mumbai1,132Delhi686Jaipur255Kolkata212Chennai183Bangalore127Ahmedabad123Karnataka101Hyderabad88Chandigarh82Surat77Pune62Cochin58Indore53Nagpur41Rajkot35Raipur34Calcutta34Guwahati30Lucknow26Visakhapatnam25Cuttack25Allahabad22Agra20Jodhpur8Patna6Telangana5Amritsar4Jabalpur3Ranchi2Dehradun1Varanasi1Panaji1

Key Topics

Section 153B72Section 153A72Section 143(3)63Addition to Income61Section 6847Section 13240Search & Seizure40Section 37(1)37Section 80

BASANTH LAL SAH,HYDERABAD vs. ITO., WARD-11(1), HYDERABAD

ITA 612/HYD/2025[2021-22]Status: DisposedITAT Hyderabad20 Aug 2025AY 2021-22

Bench: Us :

Section 133(6)Section 143(3)

bogus nature of the activities of the aforementioned parties. Further, it was observed by him that neither of the subject parties had authenticated their Aadhaar numbers nor had got e-KYC verification done. Also, the CIT(A) observed that the subject parties had filed their GST returns for a period of 6–8 months in F.Y. 2021–22 relevant

BS LIMITED,HYDERABAD vs. ASST.COMISSIONER OF INCOME TAX, CIRCLE-2(3), HYDERABAD

In the result, appeal of the assessee is allowed for statistical purposes

ITA 2186/HYD/2017[2013-14]Status: DisposedITAT Hyderabad27 Apr 2018AY 2013-14

Bench: Shri D. Manmohan & Shri S. Rifaur Rahmanassessment Year: 2013-14

Showing 1–20 of 88 · Page 1 of 5

27
Section 14826
Disallowance26
Penalty22
For Appellant: Shri P. Murali Mohan Rao
For Respondent: Shri Deepak P. Ripote
Section 132Section 133(6)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 92B

section 40A. Instead of rejecting the turnover, he proceeded to disallow only the associated financial cost. He disallowed the interest cost in proportion to the purchases with related and unrelated parties. 17.2 However, DRP remitted this issue of disallowance of interest back to the AO to recalculate the interest properly and by following cash flow on day to day basis

TARUN KUMAR GOYAL ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD

Appeals are allowed in above terms

ITA 456/HYD/2020[2014-15]Status: DisposedITAT Hyderabad20 Apr 2021AY 2014-15

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri P.Murali Mohana Rao, ARFor Respondent: Shri Sibendu Moharana, DR
Section 10(38)Section 143(3)

bogus accommodation entries and that in some other matter in course of proceedings before Investigation Wing, one Chartered Accountant had confirmed that he had provided accommodation entry in scrip of Kailash and, consequently, he treated long-term capital gain under section 69 Assessee had duly shown transaction in cheques right from purchase to sale of shares and all transactions

ARUN KUMAR GOYAL ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD

Appeals are allowed in above terms

ITA 458/HYD/2020[2016-17]Status: DisposedITAT Hyderabad20 Apr 2021AY 2016-17

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri P.Murali Mohana Rao, ARFor Respondent: Shri Sibendu Moharana, DR
Section 10(38)Section 143(3)

bogus accommodation entries and that in some other matter in course of proceedings before Investigation Wing, one Chartered Accountant had confirmed that he had provided accommodation entry in scrip of Kailash and, consequently, he treated long-term capital gain under section 69 Assessee had duly shown transaction in cheques right from purchase to sale of shares and all transactions

TARUN KUMAR GOYAL ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1)2, HYDERABAD

Appeals are allowed in above terms

ITA 457/HYD/2020[2016-17]Status: DisposedITAT Hyderabad20 Apr 2021AY 2016-17

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri P.Murali Mohana Rao, ARFor Respondent: Shri Sibendu Moharana, DR
Section 10(38)Section 143(3)

bogus accommodation entries and that in some other matter in course of proceedings before Investigation Wing, one Chartered Accountant had confirmed that he had provided accommodation entry in scrip of Kailash and, consequently, he treated long-term capital gain under section 69 Assessee had duly shown transaction in cheques right from purchase to sale of shares and all transactions

KUPPAM EDUCATIONAL SOCIETY,KUPPAM vs. INCOME TAX OFFICER (EXEMPTIONS), TIRUPATI

In the result, the appeal of the assessee is partly allowed

ITA 29/HYD/2024[2013-14]Status: DisposedITAT Hyderabad16 Aug 2024AY 2013-14

Bench: Shri K. Narasimha Chary & Shri Madhusudan Sawdia

For Appellant: Shri Pankaj Sancheti, C.AFor Respondent: : Shri Madan Mohan Meena, DR

purchases are made by the assessee in good faith and all the bills are given at hand length prices. The said transactions are made in the normal course of the business. As such there are no bogus bills/Purchases so as to be subjected to an addition on the ground.” 4. The assessee also raised the following additional ground before

SRUJITHA ANNAPAREDDY,SECUNDERABAD vs. INCOME TAX OFFICER, WARD-12(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

ITA 253/HYD/2024[2016-17]Status: DisposedITAT Hyderabad22 May 2024AY 2016-17

Bench: Shri Manjunatha, G.आ.अपी.सं /Ita No.253/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2016-17) Smt. Surjitha Annapareddy Vs. Income Tax Officer Secunderabad Ward 12(1) Pan:Bnwpa6703L Hydrabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A.V. Raghuram, Advocate राज" व "ारा/Revenue By:: Shri Y Srikanth Reddy, Dr सुनवाई की तारीख/Date Of Hearing: 22/05/2024 घोषणा की तारीख/Pronouncement: 22/05/2024

For Appellant: Shri A.V. Raghuram, AdvocateFor Respondent: : Shri Y Srikanth Reddy, DR
Section 10(38)Section 143(1)Section 147Section 148Section 68

purchased shares of MG Ltd. and on its amalgamation, was allotted shares of AG Ltd. in exchange for its existing holding and whose cost of acquisition has been claimed as eligible deduction and net sale consideration has been claimed as exempt as long-term capital gains. (Para 18) The AO has started with the conclusion, that the assessee is involved

SHANKAR LAL AGARWAL,HYDERABAD vs. INCOME TAX OFFICER, WARD-16(2), HYDERABAD

In the result, appeal of the assessee is dismissed

ITA 150/HYD/2018[2014-15]Status: DisposedITAT Hyderabad29 Nov 2023AY 2014-15

Bench: Shri K. Narasimha Chary

For Appellant: Smt. S. Sandhya, ARFor Respondent: Ms. P. Sumitha, DR
Section 10(38)

89 taxmann.com 196) (Hon’ble High Court of Bombay), Smt. Tharakumari in ITA No. 128/2019 & CMP No. 3353/2019 (Hon’ble High Court of Madras); decisions of Co- ordinate Benches of the Tribunal in Suman Poddar in ITA No. 1006/Del/2019, Krishna Devi in ITA No. 6356/Del/2019, dated 04/01/2022, M/s. Vidya Reddy in ITA No. 2016/Chny/2017, Pooja Ajmani (106 taxmann.com

ANIRUDH VENKATA RAGI ,HYDERABAD vs. INCOME TAX OFFICER, WARD-4(2), HYDERABAD

In the result, appeal of the assessee is dismissed

ITA 352/HYD/2019[2015-16]Status: DisposedITAT Hyderabad21 Nov 2023AY 2015-16

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

For Appellant: Shri S. Rama Rao, ARFor Respondent: Ms. Sheetal Sarin, DR
Section 10(38)Section 143(3)

purchase and at the time of sale, but even after three years from the date of sale of shares, in the year 2015, the shares were quoted in the Stock Exchange at Rs. 134.40 per share. It is, therefore, not a penny stock and the observations made by the learned Assessing Officer are not applicable to the facts

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 958/HYD/2014[2005-06]Status: DisposedITAT Hyderabad24 Feb 2020AY 2005-06

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 622/HYD/2014[2009-10]Status: DisposedITAT Hyderabad24 Feb 2020AY 2009-10

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 617/HYD/2014[2004-05]Status: DisposedITAT Hyderabad24 Feb 2020AY 2004-05

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 616/HYD/2014[2003-04]Status: DisposedITAT Hyderabad24 Feb 2020AY 2003-04

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 621/HYD/2014[2008-09]Status: DisposedITAT Hyderabad24 Feb 2020AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 618/HYD/2014[2005-06]Status: DisposedITAT Hyderabad24 Feb 2020AY 2005-06

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 620/HYD/2014[2007-08]Status: DisposedITAT Hyderabad24 Feb 2020AY 2007-08

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 957/HYD/2014[2004-05]Status: DisposedITAT Hyderabad24 Feb 2020AY 2004-05

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 619/HYD/2014[2006-07]Status: DisposedITAT Hyderabad24 Feb 2020AY 2006-07

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 959/HYD/2014[2006-07]Status: DisposedITAT Hyderabad21 Feb 2020AY 2006-07

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 962/HYD/2014[2008-09]Status: DisposedITAT Hyderabad21 Feb 2020AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

89,185/- by holding that the assessee’s activity of cutting granite into blocks amounts to manufacturing / production. Appeal No.620/H/2014 (AY: 2007-08): (Assessee’s appeal) 10. The assessee has raised several grounds in its appeal however, the cruxes of the issues are that:- (i) The ld. CIT (A) has erred in upholding the addition made