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

In the result, all the above appeals in ITA Nos

Bench: Shri Narendra Kumar Choudhry & Shri Prabhash Shankar

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

Bench: Shri Narendra Kumar Choudhry & Shri Prabhash Shankar

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 PVT. LTD.,MUMBAI vs. INCOME TAX OFFICER 10(1)(1), MUMBAI

In the result, all the above appeals in ITA Nos

bogus accommodation entry activity to facilitate\nbogus sale and purchases without any actual movement of\ngoods. Further,perusal of the current bank account statement of the\nassessee company maintained with Kotak Mahindra Bank Ltd. revealed\ncircular movement of funds without having any actual trade as no\nsupporting documents had been submitted in support of this\ntransaction. Most of the related

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

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

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

SANJAY NATWARLAL DESAI ,MUMBAI vs. ITO -33(1)(1), MUMBAI

In the result, the appeal by the assessee is allowed

purchases and\nthe appellant had no opportunity to file his reply and the assessment order is\nincomplete contravention of the provisions of section 147, 148 of the Act.\n2a) The Id. Commissioner of I.T. (Appeals) and the order is bad in law both\non facts and in law inasmuch as he has overlooked that the grounds for\nreopening