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5 results for “bogus purchases”+ Section 149Aclear

Sorted by relevance

Delhi9Mumbai5Jaipur3Surat2Indore1

Key Topics

Section 14826Section 151A8Section 1478Section 148A5Limitation/Time-bar5Section 69A4Reopening of Assessment4Addition to Income4Reassessment3Section 147o2Section 2502Section 143(3)2

RAJ INTERNATIONAL LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4(3)(1), MUMBAI

ITA 6286/MUM/2024[2014-15]Status: DisposedITAT Mumbai18 Aug 2025AY 2014-15

Bench: Shri Pawan Singh, Jm & Ms Padmavathy S, Am

For Appellant: Shri K. Gopal Adv. & Ms. Neha
Section 143(3)Section 147Section 148Section 151ASection 250Section 69A

purchases in relation to siphoning of loans and money. 8. Under the facts and in law, the learned CII(A) erred in confirming addition of Rs. 150,09,34,430/- to the income of appellant u/s 69C r.w.s 115BBE of the Act. 9. Under the facts and in law, the learned CIT(A) erred in confirming addition

RAJ INTERNATIONAL LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4(3)(1), MUMBAI

ITA 6285/MUM/2024[2013-14]Status: DisposedITAT Mumbai18 Aug 2025AY 2013-14

Bench: Shri Pawan Singh, Jm & Ms Padmavathy S, Am

For Appellant: Shri K. Gopal Adv. & Ms. Neha
Section 143(3)Section 147Section 148Section 151ASection 250Section 69A

purchases in relation to siphoning of loans and money. 8. Under the facts and in law, the learned CII(A) erred in confirming addition of Rs. 150,09,34,430/- to the income of appellant u/s 69C r.w.s 115BBE of the Act. 9. Under the facts and in law, the learned CIT(A) erred in confirming addition

IMPRESSIVE TRADING PRIVATE LIMITED,MUMBAI vs. INCOME TAX OFFICER 10(1)(1), MUMBAI

In the result, all the above appeals in ITA Nos

ITA 7299/MUM/2025[2014-15]Status: DisposedITAT Mumbai11 Feb 2026AY 2014-15

Bench: Shri Narendra Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Ketan Vajani, CAFor Respondent: Shri Virabhadra S. Mahajan, (Sr. DR)
Section 147Section 147oSection 148Section 148ASection 151A

bogus sale and purchases without any actual movement of goods.Further,perusal of the current bank account statement of the assessee company maintained with Kotak Mahindra Bank Ltd. revealed circular movement of funds without having any actual trade as no supporting documents had been submitted in support of this transaction. Most of the related party transactions were between the 18 parties

IMPRESSIVE TRADING PRIVATE LIMITED,MUMBAI vs. INCOME TAX OFFICER 10(1)(1), MUMBAI

In the result, all the above appeals in ITA Nos

ITA 7300/MUM/2025[2015-16]Status: DisposedITAT Mumbai11 Feb 2026AY 2015-16

Bench: Shri Narendra Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Ketan Vajani, CAFor Respondent: Shri Virabhadra S. Mahajan, (Sr. DR)
Section 147Section 147oSection 148Section 148ASection 151A

bogus sale and purchases without any actual movement of goods.Further,perusal of the current bank account statement of the assessee company maintained with Kotak Mahindra Bank Ltd. revealed circular movement of funds without having any actual trade as no supporting documents had been submitted in support of this transaction. Most of the related party transactions were between the 18 parties

ASSISTANT COMMISSIONER OF INCOME TAX-4(1)(1), MUMBAI, MUMBAI vs. ADDON RETAIL PRIVATE LIMITED, MUMBAI

In the result, appeal filed by the Revenue is dismissed

ITA 1970/MUM/2025[2016-17]Status: DisposedITAT Mumbai26 Jun 2025AY 2016-17

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

Section 131Section 133Section 143(1)Section 147Section 148Section 148ASection 149Section 151

bogus bills of purchases. Accordingly, notice u/s.148 was issued on 21/04/2021 after taking approval from PCIT. Thereafter, in compliance of the decision of the Hon’ble Supreme Court in the case of Union of India vs. Ashish Agrawal reported in 138 taxman.com 64 (SC), the said notice was construed as notice u/s.148A(b) of the Act and after objection