Search: bogus purchases

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Section 143(3)6 Section 682

OVERTOP VINCOM PRIVATE LIMITED ,KOLKATA vs. ITO, WARD - 7(2), KOLKATA , KOLKATA

ITA 1160/KOL/2018[2012-13]Status: DisposedITAT Kolkata17 Jan 2020AY 2012-13

Bench: Shri P.M.Jagtap, Vice- & Shri S.S.Godaraassessment Year: 2012-13

Section 143(3)Section 68

bogus unexplained cash credits u/s. 68 of the Act learned CIT-DR submitted in support of the impugned addition that it has failed to prove identity, genuineness and creditworthiness of its investor parties. His further case is that the assessee had also not put in appearance before the CIT(A) as well despite having been afforded adequate opportunities of hearing

M/S. DEVANSH EXPORTS,KOLKATA vs. ACIT, CIRCLE - 32, KOLKATA, KOLKATA

In the result, the appeal of assessee is allowed

ITA 2178/KOL/2017[2010-11]Status: DisposedITAT Kolkata15 Oct 2018AY 2010-11

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

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

purchase of assets etc., in the form of gifts, share application money, loans etc. 2. To inflate expense in the trading and profit and loss account so as to reduce the real profits and thereby pay less taxes. It has been revealed that the following entries have been received by the assessee:...." 29.2 The details of six entries were then