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3 results for “bogus purchases”+ Section 153A(1)(b)clear

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Key Topics

Section 153C5Section 153A4Section 1274Section 2633Section 153A(1)3Cash Deposit3Section 153C(1)2Section 142(1)2Section 127(2)2

SHRI NITIN SHARMA,JABALPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -2, JABALPUR

In the result, the appeal is partly allowed

ITA 25/JAB/2019[2014-15]Status: DisposedITAT Jabalpur28 Sept 2020AY 2014-15

Bench: Shri N.R.S. Ganesan & Shri Sanjay Arora

Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153A(1)Section 153CSection 153C(1)Section 153DSection 263Section 7(1)

b) Cash deposit, 1 | P a g e Nitin Sharma v. Pr. CIT it was not open for the ld. Pr. CIT to, in exercise of the revisionary power u/s. 263, hold that the Assessing Officer (AO) ought to have examined or inquired into other aspects of the assessee’s return of income or affairs having a bearing

Unexplained Cash Credit2
Unexplained Money2
Addition to Income2

SHRI GAURAV AGRAWAL,JABALPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX (CENTRAL), JABALPUR

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

ITA 37/JAB/2019[2016-17]Status: DisposedITAT Jabalpur01 Dec 2023AY 2016-17

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

For Appellant: Sh. Sapan Usrethe, AdvFor Respondent: Sh. Garima Chaudhary, CIT-DR
Section 127Section 127(2)Section 132Section 153A

153A by ACIT (Central) circle Jabalpur and consequential assessment = was illegal and it should have been quashed by learned CIT(A). 2. The learned Commissioner of Income Tax (Appeal) has failed to appreciate that the order passed by the Principal CIT-1, Jabalpur under section 127 of the Act is bad in law as no reason were recorded

DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL), JABALPUR vs. SHRI GAURAV AGRAWAL, JABALPUR

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

ITA 39/JAB/2019[2016-17]Status: DisposedITAT Jabalpur01 Dec 2023AY 2016-17

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

For Appellant: Sh. Sapan Usrethe, AdvFor Respondent: Sh. Garima Chaudhary, CIT-DR
Section 127Section 127(2)Section 132Section 153A

153A by ACIT (Central) circle Jabalpur and consequential assessment = was illegal and it should have been quashed by learned CIT(A). 2. The learned Commissioner of Income Tax (Appeal) has failed to appreciate that the order passed by the Principal CIT-1, Jabalpur under section 127 of the Act is bad in law as no reason were recorded