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7 results for “bogus purchases”+ Unexplained Cash Creditclear

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Key Topics

Section 2639Addition to Income7Section 2506Section 1476Section 153A4Section 1274Bogus Purchases4Cash Deposit4Natural Justice3

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-SATNA, SATNA vs. M/S. RAM KUMAR SURESH KUMAR, SATNA

In the result, the appeal filed by the Revenue is allowed

ITA 136/JAB/2018[2013-14]Status: PendingITAT Jabalpur22 Sept 2023AY 2013-14

Bench: Shri Om Prakash Kantshri Pavan Kumar Gaaleasst. Commissioner Of Vs Shri Ram Kumar Income Tax, Circle-Satna, Suresh Kumar, Satna Birla Road, Satna (Appellant) (Respondent) Pan No. Aaffr3899D Revenue By Shri Shravan Kumar Gotru, Cit Dr Assessee By Shri Rahul Bardia, Fca Date Of Hearing 13/09/2023 Date Of Pronouncement 22/09/2023 O R D E R Per Om Prakash Kant, A.M.: This Appeal By The Revenue Is Directed Against Order Dated 12.03.2018 Passed By Ld. Commissioner Of Income Tax(Appeals)-1, Jabalpur [In Short “Ld.Cit(A)”] For The Assessment Year 2013-14, Raising Following Grounds:

Section 133(6)Section 68

credit. 7.1.10 Keeping in view my above findings and considering the entire facts of the case as well as submission advanced on behalf of the appellant, this issue of appeal relating to the addition ofRs.3,5758,824/- on account of bogus purchases as unexplained cash

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

Unexplained Cash Credit3
Section 682
Section 143(3)2

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

purchaser. The AO further observed that the assessee tried to manipulate the bank transactions by getting bogus bills.  Further trading account of assessee for AY 2014-15 & A.Y. 2015-16 does not show any branches at Katni, Jabalpur. However, huge cash has been deposited at Katni and closing stock as on 31.03.2015 and 31.03.2016 was shown

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

purchaser. The AO further observed that the assessee tried to manipulate the bank transactions by getting bogus bills.  Further trading account of assessee for AY 2014-15 & A.Y. 2015-16 does not show any branches at Katni, Jabalpur. However, huge cash has been deposited at Katni and closing stock as on 31.03.2015 and 31.03.2016 was shown

M/S AMBAJEE JEWELLERS JABALPUR,JABALPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX JABALPUR-1,, JABALPUR

In the result, appeal of the assessee is partly allowed

ITA 21/JAB/2022[2017-18]Status: DisposedITAT Jabalpur12 Dec 2025AY 2017-18

Bench: Shri Kul Bharatshri Nikhil Choudhary

For Respondent: Shri Shravan Kumar Meena, CIT DR
Section 143(3)Section 144Section 263Section 68

bogus purchases of Rs.3,92,47,680/- and, therefore, he had ordered that a further sum of Rs.1,79,65,402/- be added back. It was submitted that since the expenditure on purchases did not amount to unexplained cash credit

ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-CHHINDWARA, CHHINDWARA vs. SHRI SHEVENDRA SINGH PARIHAR, BALAGHAT

In the result, the appeal of the Revenue is dismissed

ITA 91/JAB/2019[2011-12]Status: HeardITAT Jabalpur01 Dec 2023AY 2011-12

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.

Section 142(1)Section 143(2)Section 143(3)Section 147Section 148

bogus purchase expenses. The appellant is engaged in the sand mining business. The appellant have to pay royalty and have to incur other expenses like transportation, purchases. labour expenses etc. The AO had disallowed the total expenses debited at Rs.89,72,239/-. It is to be mentioned here that out of the above expense, Rs.57,06,000/- was paid

JAGDISH PRASAD AGRAWAL,SEONI vs. INCOME TAX OFFICER WARD, SEONI

In the result, both the appeals filed by the assessee in ITA

ITA 168/JAB/2025[2016-17]Status: DisposedITAT Jabalpur28 Aug 2025AY 2016-17

Bench: SH. KUL BHARAT, VICE PRESIDENT AND SH. NIKHIL CHOUDHARY (Accountant Member)

For Appellant: Sh. Mukesh Agrawal, C.AFor Respondent: Sh. Alok Bhura, Sr. DR
Section 147Section 250

purchase made by the assessee from Gunn Enterprises worth Rs.30,24,450/- and the sales made of Rs.3,57,128/- to Parth International in the assessment year 2016-17 were bogus and he accordingly added A.Ys. 2017-18 & 2016-17 Jagdish Prasad Agrawal the sum of Rs.3,57,128/- to the income of the assessee, as unexplained cash credit

JAGDISH PRASAD AGRAWAL,SEONI vs. INCOME TAX OFFICER WARD, SEONI

In the result, both the appeals filed by the assessee in ITA

ITA 167/JAB/2025[2017-18]Status: DisposedITAT Jabalpur28 Aug 2025AY 2017-18

Bench: SH. KUL BHARAT, VICE PRESIDENT AND SH. NIKHIL CHOUDHARY (Accountant Member)

For Appellant: Sh. Mukesh Agrawal, C.AFor Respondent: Sh. Alok Bhura, Sr. DR
Section 147Section 250

purchase made by the assessee from Gunn Enterprises worth Rs.30,24,450/- and the sales made of Rs.3,57,128/- to Parth International in the assessment year 2016-17 were bogus and he accordingly added A.Ys. 2017-18 & 2016-17 Jagdish Prasad Agrawal the sum of Rs.3,57,128/- to the income of the assessee, as unexplained cash credit