BINAL VIKASH BHARDWAJ,MUMBAI vs. ITO WARD 4(3)(1), MUMBAI

In the result, both the appeals filed by the assessee are allowed for statistical purposes in above terms

Bench: Ms. Padmavathy S & Shri Raj Kumar Chauhan

246A before CIT(A). The CIT(A) vide order dated 07.10.2015 had deleted entire addition made on account of bogus purchases. The department had filed appeal against the order of CIT(A) before ITAT. The ITAT vide order dated 08.11.2017 restore the matter to the file of AO for adjudicating 'de novo' with proper appreciation of facts. The appellant

JAGRAM TEGIRAM YADAV,MUMBAI vs. WARD 41.1.2, MUMBAI

bogus purchases. It was the submission by Ld. AR that\nall the purchases are genuine for which necessary evidence were also produced\nbefore the Authorities below, therefore the entire addition is liable to be deleted.\n7. Per contra, ld. Sr. DR representing the revenue submitted that the\nassessee was unable to submit details like name of driver, transportation\npayment, delivery

SANJAY NARENDRA BANSAL ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 8(2)(1), MUMBAI

Bench: Shri Pawan Singh, Jm & Shri Arun Khodpia, Am

section 143(3) r.w.s. 147 on 26.12.2018 for the AY 2014-15 making addition of Rs. 23,71,500/- on account of bogus purchases from M/s Man Diamonds. The assessee challenged the aforesaid addition before the ld. CIT(A) however the assessee remained non-compliant before the ld. CIT(A) for the reasons clarified in petition of condonation of delay

IDEA CELLULAR LIMITED (AS SUCCESSOR TO SPICE COMMUNICATIONS LIMITED),MUMBAI vs. DY. CIT, CIRCLE- 3(2), MUMBAI

In the result, the appeals of the Revenue are dismissed

Bench: The Ld. Cit(A) Is Interconnected With Ground No.Ii. Hence, They Are Taken Up Together For Disposal.

purchase of prepaid cards. Only after the resale of those prepaid cards, distributors would derive income. At the time of the assessee selling these pre-paid cards, he is not in possession of any income belonging to the distributor. Therefore, the question of any income accruing or arising to the distributor at the point of time of sale of prepaid