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9 results for “bogus purchases”+ Cash Depositclear

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Key Topics

Section 26031Section 12A11Section 14810Section 139(1)5Section 1535Revision u/s 2635Section 40A(3)4Section 1382Section 962

THE COMMISSIONER OF INCOME TAX vs. M/S KRUPANIDHI EDUCATIONAL TRUST

In the result, the appeal stands dismissed

ITA/47/2013HC Karnataka22 Oct 2021

Bench: S.SUJATHA,RAVI V HOSMANI

Section 12ASection 13Section 260

purchased a BMW car - 6 - (iv) the Assessee was availing loans in cash from Sindhi financiers and was repaying in cash; (v) the assessee was not maintaining accounts on a regular basis; the assessee was migrating from a particular software to another software; (vi) the assessee violated 13 (1) (c) of the Act; and (vii) the original trust deed dated

M/S.M K AGROTECH PRIVATE LTD vs. THE ADDL COMMISSIONER OF INCOME TAX

The appeal is allowed

ITA/83/2010HC Karnataka
Addition to Income2
29 Nov 2018

Bench: The Hon'Ble Mr. Justice Ravi Malimath

Section 143(2)Section 260ASection 40ASection 40A(3)Section 6

bogus. However, it upheld the payments made to Challakere parties, wherein the total purchases for all three parties amounted to Rs.1,36,57,416/-. Questioning the same, an appeal was filed before the Tribunal, which was dismissed. Hence, this appeal. 2. By the order dated 12-4-2010, the appeal was admitted to consider the following substantial question

COMMISSIONER OF INCOME TAX vs. S.MADHAVA (HUF)

The appeals are allowed

ITA/5036/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

purchase bills issued by them. I also enclose the copies of bank statements showing the - 20 - deposits of cheques received towards sale proceeds. (iv) Since the provisions of Wealth Tax Act are not attracted in my case, I have not filed Wealth Tax returns for the assessment years 1997-98 and 1998-99. (v) The amount of `4.2 crores shown

COMMISSIONER OF INCOME TAX vs. S.MADHAVA (HUF)

The appeals are allowed

ITA/5038/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

purchase bills issued by them. I also enclose the copies of bank statements showing the - 20 - deposits of cheques received towards sale proceeds. (iv) Since the provisions of Wealth Tax Act are not attracted in my case, I have not filed Wealth Tax returns for the assessment years 1997-98 and 1998-99. (v) The amount of `4.2 crores shown

COMMISSIONER OF INCOME TAX vs. S.PARVATHI MADHAVA

The appeals are allowed

ITA/5037/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

purchase bills issued by them. I also enclose the copies of bank statements showing the - 20 - deposits of cheques received towards sale proceeds. (iv) Since the provisions of Wealth Tax Act are not attracted in my case, I have not filed Wealth Tax returns for the assessment years 1997-98 and 1998-99. (v) The amount of `4.2 crores shown

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

ITA/5034/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

purchase bills issued by them. I also enclose the copies of bank statements showing the - 20 - deposits of cheques received towards sale proceeds. (iv) Since the provisions of Wealth Tax Act are not attracted in my case, I have not filed Wealth Tax returns for the assessment years 1997-98 and 1998-99. (v) The amount of `4.2 crores shown

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

ITA/5035/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

purchase bills issued by them. I also enclose the copies of bank statements showing the - 20 - deposits of cheques received towards sale proceeds. (iv) Since the provisions of Wealth Tax Act are not attracted in my case, I have not filed Wealth Tax returns for the assessment years 1997-98 and 1998-99. (v) The amount of `4.2 crores shown

THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S KITTUR RANI CHENNAMMA URBAN CREDIT

ITA/100200/2015HC Karnataka06 Jan 2016

Bench: H.BILLAPPA,P.S.DINESH KUMAR

Section 96

bogus document and no sale consideration is paid by the plaintiff. On the basis of the pleadings, the trial court framed following issues. 6 i) Whether the plaintiff proves that on 12.4.2005 defendant No.1 has executed an agreement of sale agreeing to sell the suit property for a total consideration of Rs.29 lakhs? ii) Whether the plaintiff proves that part

COMMISSIONER OF INCOME TAX vs. M/S MANIPAL FINANCE CORPORATION LTD.,

The appeal is allowed

ITA/658/2013HC Karnataka10 Sept 2020

Bench: The Hon'Ble Mr. Justice H.P. Sandesh

Section 138Section 378(4)

cash, for that, accused agreed to pay 24% interest. He is not a income tax assessee. But he claims that he is working at Mangalore in Bantaranga paper company and given details of his company and residential address but he has not seen any document with regard to his employment. But complainant made the payment as hand loan