BharatTax.net
SearchITATHigh CourtsSupreme CourtPhrasesAI ResearchHistory

Filters

BharatTax.net

Free search engine for ITAT (Income Tax Appellate Tribunal) judgments across all 28 benches in India.

Quick Links

  • Search Judgments
  • Browse by Bench
  • Recent Judgments

About

BharatTax provides free access to Income Tax Appellate Tribunal orders for legal research and reference.

© 2026 BharatTax.net. All rights reserved.

110 results for “bogus purchases”+ Unexplained Investmentclear

Sorted by relevance

Mumbai1,614Delhi986Kolkata371Chennai322Jaipur305Ahmedabad190Bangalore143Chandigarh131Hyderabad110Indore97Pune90Surat88Nagpur76Cochin58Rajkot53Raipur53Calcutta40Lucknow33Guwahati32Agra29Allahabad26Cuttack24Jodhpur23Patna18Amritsar15Visakhapatnam12Ranchi7Karnataka5Jabalpur4Dehradun3Orissa2Telangana2Varanasi2Panaji2SC1Gauhati1

Key Topics

Section 153A74Section 6874Addition to Income72Section 143(3)63Section 13244Search & Seizure38Section 37(1)37Section 234A32Section 148

SUSHMASRI BOPPANA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1), HYDERABAD

In the result, appeal filed by the assessee for the A

ITA 58/HYD/2023[2016-17]Status: DisposedITAT Hyderabad25 Oct 2024AY 2016-17

Bench: Shri Mahavir Singh, Hon'Ble Vice- & Shri Manjunatha, G. Accountant Hon'Bleआ.अपी.सं /Ita No.57 & 58/Hyd/2023 (िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17) Smt. Sushmasri Boppana Vs. Asstt. Commissioner Of Hyderabad Income Tax, Pan:Akvpb6106D Central Circle 3(1) Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A.V. Raghuram, Advocate राज" व "ारा/Revenue By:: Shri B. Balakrishna, Dr सुनवाई की तारीख/Date Of Hearing: 23/09/2024 घोषणा की तारीख/Pronouncement: 25/10/2024 आदेश/Order

For Appellant: Shri A.V. Raghuram, AdvocateFor Respondent: : Shri B. Balakrishna, DR
Section 131Section 132Section 153A

unexplained investment towards on-money payment for purchase of property. 18. We have heard both the parties, perused the material available on record and gone through the orders of the authorities below. There is no dispute with regard to the fact that during the course of search, agreement of sale dated 07/11/2015 was found at the premise of Varsity Education

Showing 1–20 of 110 · Page 1 of 6

25
Section 10(38)25
Penalty25
Disallowance21

SUSHMASRI BOPPANA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1), HYDERABAD

In the result, appeal filed by the assessee for the A

ITA 57/HYD/2023[2015-16]Status: DisposedITAT Hyderabad25 Oct 2024AY 2015-16

Bench: Shri Mahavir Singh, Hon'Ble Vice- & Shri Manjunatha, G. Accountant Hon'Bleआ.अपी.सं /Ita No.57 & 58/Hyd/2023 (िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17) Smt. Sushmasri Boppana Vs. Asstt. Commissioner Of Hyderabad Income Tax, Pan:Akvpb6106D Central Circle 3(1) Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A.V. Raghuram, Advocate राज" व "ारा/Revenue By:: Shri B. Balakrishna, Dr सुनवाई की तारीख/Date Of Hearing: 23/09/2024 घोषणा की तारीख/Pronouncement: 25/10/2024 आदेश/Order

For Appellant: Shri A.V. Raghuram, AdvocateFor Respondent: : Shri B. Balakrishna, DR
Section 131Section 132Section 153A

unexplained investment towards on-money payment for purchase of property. 18. We have heard both the parties, perused the material available on record and gone through the orders of the authorities below. There is no dispute with regard to the fact that during the course of search, agreement of sale dated 07/11/2015 was found at the premise of Varsity Education

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

ITA 554/HYD/2020[2013-14]Status: DisposedITAT Hyderabad30 Nov 2022AY 2013-14

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

For Respondent: Shri Rajendra Kumar, CIT(DR)
Section 153A

bogus purchases/ unexplained & unverifiable expenses as applicable to various vendors as noticed during the search and survey proceedings conducted in group cases. 3.2. Submission We wish to provide our detailed submission as below against the ground raised by the Revenue in connection with the disallowance of the CWIP: Unexplained investment

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

ITA 556/HYD/2020[2017-18]Status: DisposedITAT Hyderabad30 Nov 2022AY 2017-18

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

For Respondent: Shri Rajendra Kumar, CIT(DR)
Section 153A

bogus purchases/ unexplained & unverifiable expenses as applicable to various vendors as noticed during the search and survey proceedings conducted in group cases. 3.2. Submission We wish to provide our detailed submission as below against the ground raised by the Revenue in connection with the disallowance of the CWIP: Unexplained investment

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

ITA 509/HYD/2020[2015-16]Status: DisposedITAT Hyderabad30 Nov 2022AY 2015-16

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

For Respondent: Shri Rajendra Kumar, CIT(DR)
Section 153A

bogus purchases/ unexplained & unverifiable expenses as applicable to various vendors as noticed during the search and survey proceedings conducted in group cases. 3.2. Submission We wish to provide our detailed submission as below against the ground raised by the Revenue in connection with the disallowance of the CWIP: Unexplained investment

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

ITA 553/HYD/2020[2012-13]Status: DisposedITAT Hyderabad30 Nov 2022AY 2012-13

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

For Respondent: Shri Rajendra Kumar, CIT(DR)
Section 153A

bogus purchases/ unexplained & unverifiable expenses as applicable to various vendors as noticed during the search and survey proceedings conducted in group cases. 3.2. Submission We wish to provide our detailed submission as below against the ground raised by the Revenue in connection with the disallowance of the CWIP: Unexplained investment

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

ITA 510/HYD/2020[2016-17]Status: DisposedITAT Hyderabad30 Nov 2022AY 2016-17

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

For Respondent: Shri Rajendra Kumar, CIT(DR)
Section 153A

bogus purchases/ unexplained & unverifiable expenses as applicable to various vendors as noticed during the search and survey proceedings conducted in group cases. 3.2. Submission We wish to provide our detailed submission as below against the ground raised by the Revenue in connection with the disallowance of the CWIP: Unexplained investment

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

ITA 555/HYD/2020[2014-15]Status: DisposedITAT Hyderabad30 Nov 2022AY 2014-15

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

For Respondent: Shri Rajendra Kumar, CIT(DR)
Section 153A

bogus purchases/ unexplained & unverifiable expenses as applicable to various vendors as noticed during the search and survey proceedings conducted in group cases. 3.2. Submission We wish to provide our detailed submission as below against the ground raised by the Revenue in connection with the disallowance of the CWIP: Unexplained investment

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 entries 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 entries 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(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 entries 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

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(4), HYDERABAD vs. AARTHIK GREENTECH SOLUTIONS PRIVATE LIMITED, HYDERABAD

In the result, appeal filed by the Revenue is dismissed

ITA 32/HYD/2021[2014-15]Status: DisposedITAT Hyderabad21 Feb 2025AY 2014-15

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं /Ita No.32/Hyd/2021 (निर्धारण वर्ा/Assessment Year: 2014-15) Asst.Commissioner Of Vs. Aarthik Greentech Income Tax Solutions Pvt.Ltd. Central Circle-3(4) Hyderabad Hyderabad [Pan : Aalca6887D] आ.अपी.सं /Ita No.33/Hyd/2021 (निर्धारण वर्ा/Assessment Year: 2014-15) Asst.Commissioner Of Vs. Aarthik Infra Projects Income Tax Pvt.Ltd. Central Circle-3(4) Hyderabad Hyderabad [Pan : Aahca0719N] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri P.Murali Mohan Rao,Ar रधजस् व द्वधरध/Revenue By: Ms.M.Narmada, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 19/12/2024 घोर्णध की तधरीख/Date Of 21/02/2025 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: These Appeals Filed By The Revenue Are Directed Against Order Dated 11.09.2020 Of The Commissioner Of Income Tax (Appeals) [“Ld.Cit(A)”]-11, Hyderabad Pertaining To A.Y.2014-15. Since, Facts Are Identical & Issues Are Common, For The Sake Of Aarthik Greentech Solutions Pvt. Ltd. & Aarthik Infra Projects Pvt.Ltd.

For Appellant: Shri P.Murali Mohan Rao,ARFor Respondent: Ms.M.Narmada, CIT-DR
Section 132Section 143(1)Section 153C

bogus shareholders, whose names are given to the Assessing Officer, then the department is free to proceed to reopen their individual assessments, in accordance with law, but this amount of share application money cannot be regarded as undisclosed income u/s 68 of the Act. A similar view has been taken by the Hon'ble Supreme Court in the case

SHAILAJA KALVAKUNTLA,,HYDERABAD vs. ITO,WARD- 3(1),, HYDERABAD

In the result, appeal in ITA no

ITA 734/HYD/2014[2009-10]Status: DisposedITAT Hyderabad06 Jan 2021AY 2009-10

Bench: Smt. P. Madhavi Devi & Shri D.S. Sunder Singh

For Appellant: Shri K.C. DevdasFor Respondent: Shri Sunku Srinivas
Section 142(1)Section 144Section 148Section 68Section 69

unexplained investment made in purchase of land at Shaikpet, which is assessed u/s 69 of the Act. 4.1 During the assessment proceedings, the AO found that the assessee has advanced the amount of Rs. 97,00,000/- for purchase of land admeasuring 1800 sq.yds. in Shaikpet and made the payments as under: i) Paid through cash on 21/07/2008

SHAILAJA KALVAKUNTLA, HYD,HYDERABAD vs. ITO, WARD-3(1), HYD, HYDERABAD

In the result, appeal in ITA no

ITA 1364/HYD/2015[2010-11]Status: DisposedITAT Hyderabad06 Jan 2021AY 2010-11

Bench: Smt. P. Madhavi Devi & Shri D.S. Sunder Singh

For Appellant: Shri K.C. DevdasFor Respondent: Shri Sunku Srinivas
Section 142(1)Section 144Section 148Section 68Section 69

unexplained investment made in purchase of land at Shaikpet, which is assessed u/s 69 of the Act. 4.1 During the assessment proceedings, the AO found that the assessee has advanced the amount of Rs. 97,00,000/- for purchase of land admeasuring 1800 sq.yds. in Shaikpet and made the payments as under: i) Paid through cash on 21/07/2008

NARENDER KUMAR GUPTA HUF ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-7(1), HYDERABAD

In the result, assessee’s appeal is treated as allowed for statistical purposes

ITA 1084/HYD/2019[2011-12]Status: DisposedITAT Hyderabad22 Apr 2021AY 2011-12

Bench: Smt. P. Madhavi Deviassessment Year: 2011-12

For Appellant: Sri Siddharth MantriFor Respondent: Sri Subramanyam Tota, DR
Section 147Section 148Section 293BSection 69B

purchased 70,000 shares of the following penny scripts for a total value of Rs.12,77,500/- during the financial year 2010-11 relevant to the A.Y 2011-12: a) M/s. Golden Bull Research & Growth Ltd Page 1 of 5 ITA No 1084 of 2019 Narender Kumar Gupta HUF Hyderabad b) M/s. Regency Trust Ltd c) M/s. Global Capital Markets

JITENDER KUMAR GUPTA ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-7(1), HYDERABAD

In the result, assessee’s appeal is treated as allowed for statistical purposes”

ITA 1882/HYD/2019[2011-12]Status: DisposedITAT Hyderabad27 May 2021AY 2011-12

Bench: Smt. P. Madhavi Deviassessment Year: 2011-12

For Appellant: Sri Siddharth MantriFor Respondent: Smt. Kanika Agarwal,DR
Section 10(38)Section 148Section 69Section 69B

bogus LTCG/STCL and business loss. In view of the same, the assessment was reopened on 29.03.2018 by issuance of notice u/s 148 of the Act and was served on the assessee and the assessee responded by stating that the shares were purchased from the approved broker and also explained the sources of investment. However, the Assessing Officer was not convinced

VISHAN RAJ JAIN (HUF),HYDERABAD vs. ACIT CENTRAL CIRCLE-1 (2), HYDERABAD

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

ITA 193/HYD/2022[2016-17]Status: DisposedITAT Hyderabad25 May 2023AY 2016-17

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2016-17 Vishan Raj Jain (Huf) Vs. Acit, Central Circle-1(2) 6-3-650, G7 6-3-650, G7, Aaykar Bhawan Maheswari Chambers Opp:L.B.Stadium Somajiguda Basheer Bagh Telangana-500 082 Hyderabad-500 004

For Appellant: Shri K.C.Devdas, CAFor Respondent: Shri K.P.R.R.Murthy, Sr.AR
Section 10Section 10(38)Section 115BSection 142(1)Section 143(2)Section 147Section 148Section 250

bogus purchase and sale of shares, whereas all documentary evidences are clearly showing that the assessee is eligible to claim exemption under section 10(38). In this connection your kind attention is drawn to CBDT circular No. 14(XL-35) of 1955, dated 11.4.1955, it was directed that the officials of the department obliged to advise the assessee and guide

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)

bogus receipts and paying tax thereon alone cannot establish the genuineness of the transaction. 21. Having observed so, the Ld. CIT (A) further opined that activities such as cutting, squaring and dressing of granites were certainly carried out, may be, by outside parties without which the granite blocks could not have been exported and therefore, certain expenses were incurred

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)

bogus receipts and paying tax thereon alone cannot establish the genuineness of the transaction. 21. Having observed so, the Ld. CIT (A) further opined that activities such as cutting, squaring and dressing of granites were certainly carried out, may be, by outside parties without which the granite blocks could not have been exported and therefore, certain expenses were incurred

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)

bogus receipts and paying tax thereon alone cannot establish the genuineness of the transaction. 21. Having observed so, the Ld. CIT (A) further opined that activities such as cutting, squaring and dressing of granites were certainly carried out, may be, by outside parties without which the granite blocks could not have been exported and therefore, certain expenses were incurred