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4 results for “bogus purchases”+ Section 80Cclear

Sorted by relevance

Mumbai19Delhi14Jaipur9Varanasi6Chennai6Lucknow6Ahmedabad4Kolkata4Chandigarh2Bangalore1Cuttack1Hyderabad1

Key Topics

Section 14A4Section 43B3Section 36(1)(va)3Section 2(24)(x)3Deduction3Section 1482Section 80C2Addition to Income2Depreciation2

SK. SAIFUL ALI,HALDIA vs. I.T.O., WARD - 27(1), HALDIA, HALDIA

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

ITA 150/KOL/2023[2011-2012]Status: DisposedITAT Kolkata13 Jun 2023AY 2011-2012

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. No. 150/Kol/2023 Assessment Year: 2011-2012 Sk. Saiful Ali,.........................................Appellant Raj Stile, Khajanchak, Durgachak, Haldia, Purba Medinipur-721602 [Pan: Akipa2468E] -Vs.- Income Tax Officer,.................................Respondent Ward-27(1), Haldia, Durgachak, Haldia, Purna Medinipur-721602 Appearances By: Shri Soumitra Choudhry, A.R., Appeared On Behalf Of The Assessee Shri Vijay Kumar, Addl. Cit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : April 12, 2023 Date Of Pronouncing The Order : June 13, 2023 O R D E R

Section 144Section 147Section 148Section 80C

bogus sundry creditors, (b) against the addition of Rs.3,44,640/- on account of machine hire charges, (c) against the addition of Rs.10,00,000/- as unexplained investment in purchase of stall on estimate basis and (d) against the addition of Rs.16,834/- for not allowing deduction under section 80C

ACIT, CC-3(2), KOLKATA , KOLKATA vs. M/S. SNOWTEX INVESTMENT LTD., KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 1799/KOL/2017[2012-13]Status: DisposedITAT Kolkata27 Feb 2019AY 2012-13

Bench: Shri A. T. Varkey, J.M. & Dr.A.L.Saini, A.M.) Asstt. Year : 2012-13 A.C.I.T, Cc-3(2), Kolkata Vs M/S. Snowtex Investment Ltd. Pan: Aaecs 0334C (Assessee/Department) (Respondent/Assessee)

For Appellant: Shri S.K. Tulsiyan, Sr. Advocate, ld.ARFor Respondent: Shri Radhey Shyam, CIT, ld.DR
Section 143(3)Section 14ASection 2(24)(x)Section 36Section 36(1)(va)Section 43B

purchase and sale of shares, granting and taking of loans and advances. With regard to investment under the head 'Share Application Money', the closing balance as on, 31-03-2012 was Rs. 46,09,34,000/- and the opening balance was Rs. 18,99,60,000/-. Hence, an amount of Rs.27,09,74,000/- was invested in share application money

ITO, WARD-23(3), HOOGHLY, HOOGHLY vs. SHRI ARUNASIA SARKAR, HOOGHLY

In the result, both the cross appeals as well as the cross- objection of the assessee are treated as allowed for statistical purposes

ITA 176/KOL/2015[2010-2011]Status: DisposedITAT Kolkata14 Feb 2018AY 2010-2011

Bench: Shri P.M. Jagtap, Am & Shri Aby. T. Varkey, Jm] I.T.A. No. 258/Kol/2015 Assessment Year: 2010-11 Arunashis Sarkar................................…………………………………..............................Appellant 16/M, Satish Ch. Ghosh Lane, Mahesh, Serampore, Hooghly – 712 202. [Pan : Cbdps 2458 G] Income Tax Officer..…………………………………………………………........................Respondent Ward No. 1(3), Hooghly, Aayakar Bhawan, 3Rd Floor, Room No. 209, G.T. Road, Chinsurah, Hooghly – 712 101. I.T.A. No. 176/Kol/2015 Assessment Year: 2010-11 Income Tax Officer..………………………………………………………….............................Appellant Ward No. 1(3), Hooghly, Aayakar Bhawan, 3Rd Floor, Room No. 209, G.T. Road, Chinsurah, Hooghly – 712 101. Arunashis Sarkar................................…………………………………...........................Respondent 16/M, Satish Ch. Ghosh Lane, Mahesh, Serampore, Hooghly – 712 202. [Pan : Cbdps 2458 G] C.O. No. 19/Kol/2015 (Arising Out Of Ita No. 176/Kol/2015) Assessment Year: 2010-11 Arunashis Sarkar................................…………………………………..............................Appellant 16/M, Satish Ch. Ghosh Lane, Mahesh, Serampore, Hooghly – 712 202. [Pan : Cbdps 2458 G] Income Tax Officer..…………………………………………………………........................Respondent Ward No. 1(3), Hooghly, Aayakar Bhawan, 3Rd Floor, Room No. 209, G.T. Road, Chinsurah, Hooghly – 712 101. Appearances By: Shri K.M. Roy, Fca Appearing On Behalf Of The Assessee. Shri S. Dasgupta, Addl. Cit (Dr) Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 08, 2018 Date Of Pronouncing The Order : February 14, 2018

Purchase 32,52,738 19,72,77,759 Carriage inward 17,290 15,96,758 Labour Charges 0 40,45,123 Other manufacturing 0 8,51,605 expenses Sales 38,02,510 21,29,01,163 Closing Stock 1,75,260 1,98,07,972 Gross Profit 5,46,770 97,93,454 G.P. Rate 14.38 4.60 Salary & Bonus

ARUNASHIS SARKAR,HOOGHLY vs. ITO, WD-1(3), HOOGHLY, HOOGHLY

In the result, both the cross appeals as well as the cross- objection of the assessee are treated as allowed for statistical purposes

ITA 258/KOL/2015[2010-2011]Status: DisposedITAT Kolkata14 Feb 2018AY 2010-2011

Bench: Shri P.M. Jagtap, Am & Shri Aby. T. Varkey, Jm] I.T.A. No. 258/Kol/2015 Assessment Year: 2010-11 Arunashis Sarkar................................…………………………………..............................Appellant 16/M, Satish Ch. Ghosh Lane, Mahesh, Serampore, Hooghly – 712 202. [Pan : Cbdps 2458 G] Income Tax Officer..…………………………………………………………........................Respondent Ward No. 1(3), Hooghly, Aayakar Bhawan, 3Rd Floor, Room No. 209, G.T. Road, Chinsurah, Hooghly – 712 101. I.T.A. No. 176/Kol/2015 Assessment Year: 2010-11 Income Tax Officer..………………………………………………………….............................Appellant Ward No. 1(3), Hooghly, Aayakar Bhawan, 3Rd Floor, Room No. 209, G.T. Road, Chinsurah, Hooghly – 712 101. Arunashis Sarkar................................…………………………………...........................Respondent 16/M, Satish Ch. Ghosh Lane, Mahesh, Serampore, Hooghly – 712 202. [Pan : Cbdps 2458 G] C.O. No. 19/Kol/2015 (Arising Out Of Ita No. 176/Kol/2015) Assessment Year: 2010-11 Arunashis Sarkar................................…………………………………..............................Appellant 16/M, Satish Ch. Ghosh Lane, Mahesh, Serampore, Hooghly – 712 202. [Pan : Cbdps 2458 G] Income Tax Officer..…………………………………………………………........................Respondent Ward No. 1(3), Hooghly, Aayakar Bhawan, 3Rd Floor, Room No. 209, G.T. Road, Chinsurah, Hooghly – 712 101. Appearances By: Shri K.M. Roy, Fca Appearing On Behalf Of The Assessee. Shri S. Dasgupta, Addl. Cit (Dr) Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 08, 2018 Date Of Pronouncing The Order : February 14, 2018

Purchase 32,52,738 19,72,77,759 Carriage inward 17,290 15,96,758 Labour Charges 0 40,45,123 Other manufacturing 0 8,51,605 expenses Sales 38,02,510 21,29,01,163 Closing Stock 1,75,260 1,98,07,972 Gross Profit 5,46,770 97,93,454 G.P. Rate 14.38 4.60 Salary & Bonus