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2 results for “reassessment”+ Bogus Purchasesclear

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Section 153C5 Section 2633 Section 153A(1)3 Section 153C(1)2 Section 142(1)2 Section 143(3)2 Section 44A2

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 1(1), JABALPUR vs. M/S.TDP & ASSOCIATES, JABALPUR

In the result, both the Revenue’s appeal and the assessee’s CO are dismissed

ITA 66/JAB/2019[2012-13]Status: DisposedITAT Jabalpur15 Jun 2022AY 2012-13

Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble

For Appellant: Shri Shiv Kumar, Sr. DRFor Respondent: Shri Sapan Usrethe, Advocate

Section 143(3)Section 147Section 254(2)Section 44A

purchases were bogus. The AO is not justified in making the disallowance out of above expenses without any reason. Therefore, the addition made by the AO amounting to Rs. 47,16,784/ is deleted. This ground of appeal is allowed.’ Aggrieved, the Revenue is in appeal before us. 4. We have heard the parties, and perused the material on record

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 1(1), JABALPUR vs. M/S.TDP & ASSOCIATES, JABALPUR

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 1(1), JABALPUR vs. M/S.TDP & ASSOCIATES, JABALPUR

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