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516 results for “bogus purchases”+ Section 263clear

Sorted by relevance

Mumbai516Delhi468Kolkata212Jaipur196Karnataka105Ahmedabad80Bangalore77Chennai74Chandigarh66Surat49Pune47Indore45Rajkot41Calcutta40Lucknow29Hyderabad25Guwahati24Nagpur19Agra19Raipur18Jodhpur15Cuttack12Amritsar9Ranchi6Jabalpur5Patna5Varanasi5Panaji2Allahabad2Dehradun2SC1Telangana1Visakhapatnam1

Key Topics

Section 143(3)119Section 263103Addition to Income76Section 14758Section 69C50Section 6841Disallowance38Section 14A34Section 153A28Section 148

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1354/MUM/2019[2012-13]Status: DisposedITAT Mumbai24 Jun 2022AY 2012-13

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

Showing 1–20 of 516 · Page 1 of 26

...
28
Bogus Purchases26
Reopening of Assessment21

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1467/MUM/2019[2011-12]Status: DisposedITAT Mumbai24 Jun 2022AY 2011-12

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1470/MUM/2019[2014-15]Status: DisposedITAT Mumbai24 Jun 2022AY 2014-15

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

DCIT - CC 3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1353/MUM/2019[2011-12]Status: DisposedITAT Mumbai24 Jun 2022AY 2011-12

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1468/MUM/2019[2012-13]Status: DisposedITAT Mumbai24 Jun 2022AY 2012-13

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

DCIT CENTRAL CIRCLE 3 (1), MUMBAI vs. WIND WORLD INDIA LIMITED, MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1352/MUM/2019[2010-11]Status: DisposedITAT Mumbai24 Jun 2022AY 2010-11

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1465/MUM/2019[2007-08]Status: DisposedITAT Mumbai24 Jun 2022AY 2007-08

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1910/MUM/2019[2014-15]Status: DisposedITAT Mumbai24 Jun 2022AY 2014-15

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1469/MUM/2019[2013-14]Status: DisposedITAT Mumbai24 Jun 2022AY 2013-14

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

DCIT - CC 3 (1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1355/MUM/2019[2013-14]Status: DisposedITAT Mumbai24 Jun 2022AY 2013-14

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

ITA 1466/MUM/2019[2010-11]Status: DisposedITAT Mumbai24 Jun 2022AY 2010-11

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Ms. Dr. Pallavi Darade, CIT DR
Section 132Section 143(3)Section 144Section 153ASection 243CSection 245DSection 92C

bogus purchases is not correct. 7.15 The contentions of the assessee have been duly considered. One of the contentions of the assessee is that in course of the search action, no incriminating evidences were found and the relevant year was a non-abated assessment, therefore as per the decision of the Hon'ble Jurisdictional High Court in the case

M/S. PARAS PLASTIC PROCESSORS,MUMBAI vs. INCOME TAX OFFICER WARD-27(2)(5), MUMBAI

In the result, the appeal of the assessee is dismissed

ITA 5593/MUM/2019[2010-11]Status: DisposedITAT Mumbai27 Jul 2022AY 2010-11

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2010-11 M/S Paras Plastic Processors, Income Tax Officer 806/807, Ajit Nath, Ward-27(2)(5), Nilkantha Enclave, Ajit Nagar, Vs. Vashi, Opp. Shreyash Cinema, Navi Mumbai-400-703. Lbs Marg, Ghatkopar (West), Mumbai-400086. Pan No. Aaefp 8206 H Appellant Respondent

For Appellant: Mr. M. Subramanian, ARFor Respondent: Ms. Smita Nair, DR
Section 143(1)Section 143(3)Section 147Section 148

section 145(3) of the IT Act and after taking average GP rate of 15%, made an addition of rate of 15%, made an addition of Rs.54,03,687/- computed on such computed on such bogus purchas bogus purchases/expenses. This order was set aside by the es/expenses. This order was set aside by the jurisdictional CIT u/s 263

DCIT 5(3)(1), MUMBAI vs. SILMOHAN GEMS PRIVATE LIMTED , MUMBAI

In the result, the appeals of the assessee

ITA 450/MUM/2023[2012-2013]Status: DisposedITAT Mumbai13 Jun 2023AY 2012-2013

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

For Appellant: Ms. Mitali Mehta a/wFor Respondent: Dr. Kishor Dhule, CIT-DR
Section 40A(3)Section 69C

section 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been furnished to the contrary in the support of the claim of the furnished to the contrary in the support of the claim of the furnished

DCIT 5(3)(1), MUMBAI vs. SILMOHAN GEMS PRIVATE LIMITED, MUMBAI

In the result, the appeals of the assessee

ITA 449/MUM/2023[2013-2014]Status: DisposedITAT Mumbai13 Jun 2023AY 2013-2014

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

For Appellant: Ms. Mitali Mehta a/wFor Respondent: Dr. Kishor Dhule, CIT-DR
Section 40A(3)Section 69C

section 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been furnished to the contrary in the support of the claim of the furnished to the contrary in the support of the claim of the furnished

SILMOHAN GEMS PVT LTD. COMPANY,MUMBAI vs. DCIT, CIRCLE-5(3)(1), MUMBAI

In the result, the appeals of the assessee

ITA 472/MUM/2023[2012-13]Status: DisposedITAT Mumbai13 Jun 2023AY 2012-13

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

For Appellant: Ms. Mitali Mehta a/wFor Respondent: Dr. Kishor Dhule, CIT-DR
Section 40A(3)Section 69C

section 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been furnished to the contrary in the support of the claim of the furnished to the contrary in the support of the claim of the furnished

SILMOHAN GEMS PVT LTD. COMPANY,MUMBAI vs. DCIT, CIRCLE-5(3)(1), MUMBAI

In the result, the appeals of the assessee

ITA 471/MUM/2023[2013-14]Status: DisposedITAT Mumbai13 Jun 2023AY 2013-14

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

For Appellant: Ms. Mitali Mehta a/wFor Respondent: Dr. Kishor Dhule, CIT-DR
Section 40A(3)Section 69C

section 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been 69C of the Act and for which no evidence has been furnished to the contrary in the support of the claim of the furnished to the contrary in the support of the claim of the furnished

GOLD STAR DIAMOND PRIVATE LIMITED,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 5, MUMBAI

In the result, the appeals of the assessee are allowed

ITA 2965/MUM/2018[2013-14]Status: DisposedITAT Mumbai25 Nov 2022AY 2013-14

Bench: Shri Pavan Kumar Gadale & Shri Amarjit Singh

For Appellant: Nishant Thakker &For Respondent: Hemant Kumar Chimanlal
Section 143Section 143(3)Section 148Section 263Section 40(3)

bogus purchases by disallowing 12.5% of the disputed purchases after considering the explanation of the assessee. 11.Further careful reading of clause (c) of Explanation-1 of sub Sec. (1) of Section 263

GOLD STAR DIAMOND PRIVATE LIMITED,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 5, MUMBAI

In the result, the appeals of the assessee are allowed

ITA 2964/MUM/2018[2011-12]Status: DisposedITAT Mumbai25 Nov 2022AY 2011-12

Bench: Shri Pavan Kumar Gadale & Shri Amarjit Singh

For Appellant: Nishant Thakker &For Respondent: Hemant Kumar Chimanlal
Section 143Section 143(3)Section 148Section 263Section 40(3)

bogus purchases by disallowing 12.5% of the disputed purchases after considering the explanation of the assessee. 11.Further careful reading of clause (c) of Explanation-1 of sub Sec. (1) of Section 263

REMY DIAMONDS PRIVATE LIMITED,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 5, MUMBAI

In the result, the appeals filed by the assessee are allowed for statistical purpose

ITA 3898/MUM/2018[2008-09]Status: DisposedITAT Mumbai21 Oct 2022AY 2008-09

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. Nos. 3898 To 3900/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2008-09 To 2010-11) Remy Diamonds Pvt. Ltd. बिधम/ The Principal Commissioner Gw-1060, G- Block, Bharat Of Income Tax-5 Vs. Diamond Bourse, Mumbai Aayakar Bhavan, M. K. Kurla Complex, Bandra (E), Road, Mumbai-400051 Mumbai-400051. आयकर अपील सं/ I.T.A. Nos. 5481 To 5483/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2008-09 To 2010-11) Remy Diamonds Pvt. Ltd. बिधम/ Dcit, Circle-5(3)(1) Gw-1060, G- Block, Bharat Room No.573, Aayakar Vs. Diamond Bourse, Mumbai Bhavan, M. K. Road, Kurla Complex, Bandra (E), Mumbai-400020. Mumbai-400051. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aadcr2195R (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee By: Shri Hiren Vepari Revenue By: Smt. Mahita Nair (Sr. Ar) सुनवाई की तारीख / Date Of Hearing: 13/09/2022 घोषणा की तारीख /Date Of Pronouncement: 21/10/2022 आदेश / O R D E R Per Bench:

For Appellant: Shri Hiren VepariFor Respondent: Smt. Mahita Nair (Sr. AR)
Section 132Section 147Section 263

263 of the Act vide notice dated 01.03.2018 wherein he found fault with the action of the AO in restricting the disallowance @ 6.03% of the bogus purchase rather than disallowing the entire bogus purchase of Rs.2,79,33,584/-. And he was also of the opinion that the AO missed out on the applicability of Section

REMY DIAMONDS PRIVATE LIMITED,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 5, MUMBAI

In the result, the appeals filed by the assessee are allowed for statistical purpose

ITA 3899/MUM/2018[2009-10]Status: DisposedITAT Mumbai21 Oct 2022AY 2009-10

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. Nos. 3898 To 3900/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2008-09 To 2010-11) Remy Diamonds Pvt. Ltd. बिधम/ The Principal Commissioner Gw-1060, G- Block, Bharat Of Income Tax-5 Vs. Diamond Bourse, Mumbai Aayakar Bhavan, M. K. Kurla Complex, Bandra (E), Road, Mumbai-400051 Mumbai-400051. आयकर अपील सं/ I.T.A. Nos. 5481 To 5483/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2008-09 To 2010-11) Remy Diamonds Pvt. Ltd. बिधम/ Dcit, Circle-5(3)(1) Gw-1060, G- Block, Bharat Room No.573, Aayakar Vs. Diamond Bourse, Mumbai Bhavan, M. K. Road, Kurla Complex, Bandra (E), Mumbai-400020. Mumbai-400051. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aadcr2195R (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee By: Shri Hiren Vepari Revenue By: Smt. Mahita Nair (Sr. Ar) सुनवाई की तारीख / Date Of Hearing: 13/09/2022 घोषणा की तारीख /Date Of Pronouncement: 21/10/2022 आदेश / O R D E R Per Bench:

For Appellant: Shri Hiren VepariFor Respondent: Smt. Mahita Nair (Sr. AR)
Section 132Section 147Section 263

263 of the Act vide notice dated 01.03.2018 wherein he found fault with the action of the AO in restricting the disallowance @ 6.03% of the bogus purchase rather than disallowing the entire bogus purchase of Rs.2,79,33,584/-. And he was also of the opinion that the AO missed out on the applicability of Section