ACIT-15(3)(2), MUMBAI, MUMBAI vs. SURYA FERROUS ALLOYS PVT LTD, MUMBAI

Appeal are dismissed as having been rendered infructuous

Bench: SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

bogus purchase transaction taking note of the fact that the Assessee had already disclosed gross profit of 8.5%, which was considered by the CIT(A) to be comparable and acceptable to the margins prevailing in the industry in which the Assessee was operating. However, the CIT(A) rejected Assessee’s challenge to the validity of reassessment proceedings. 7. Being aggrieved

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI vs. M/S CITRON INFRAPROJECTS LTD , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD MUMBAI ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI-400005 vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2)., MUMBAI vs. M/S CITRON INFRAPROJECTS LTD , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SHRIVALLABH PITTIE INDUSTRIES LTD ,MUMBAI. vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI MUMBAI MUMB, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

CITRON INFRAPROJECT LTD.,,MUMBAI-400005 vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI-20

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

CITRON INFRAPROJECT LTD.,,MUMBAI-400005 vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI-400020

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI vs. DCIT, CC- 8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI vs. M/S CITRON INFRAPROJECTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

ASSTT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI vs. HELIOS MERCANTILE LIMITED, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

HELLIOS EXPORTS LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI-400005 vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI-400005 vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

bogus sales. Therefore, it was clear that as STPL as an integral part of the SVP group of companies by its own admission before the settlement commission. Thereafter the learned assessing officer extracted the statement of 07. various persons recorded and held that it is now conclusively proved that the sale and purchase of the STPL are nothing but accommodation