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5 results for “bogus purchases”+ Section 55Aclear

Sorted by relevance

Mumbai5Ahmedabad3Amritsar3Delhi3Pune2Bangalore2Kolkata2Indore1

Key Topics

Addition to Income5Section 143(3)3Section 234B3Section 2502Section 72Section 143(1)2Section 1482Bogus Purchases2Reopening of Assessment

LOKHANDWALA KATARIA CONSTRUCTION (PVT) LTD,MUMBAI vs. DY CIT CC 8(3), MUMBAI

In the result, appeal by the assessee for assessment year 2011-12 is partly allowed

ITA 1344/MUM/2020[2011-12]Status: DisposedITAT Mumbai12 Sept 2022AY 2011-12

Bench: Shri S. Rifaur Rahman & Shri Sandeep Singh Karhail

For Appellant: Shri Dhaval ShahFor Respondent: Shri Mehul Jain
Section 143(1)Section 148Section 250Section 7

section 133(6) by the AO to the aforesaid entity were also returned unserved. The AO made addition of the entire alleged bogus purchases made from the aforesaid supplier. It is the plea of the assessee that all the purchases were made through brokers and therefore it is not possible to get the details of the aforesaid supplier. In support

2
Limitation/Time-bar2
Condonation of Delay2

LOKHANDWALA KATARIA CONSTRUCTION (PVT) LTD ,MUMBAI vs. DY CIT CC 8(3) , MUMBAI

In the result, appeal by the assessee for assessment year 2011-12 is partly allowed

ITA 1345/MUM/2020[2010-11]Status: DisposedITAT Mumbai12 Sept 2022AY 2010-11

Bench: Shri S. Rifaur Rahman & Shri Sandeep Singh Karhail

For Appellant: Shri Dhaval ShahFor Respondent: Shri Mehul Jain
Section 143(1)Section 148Section 250Section 7

section 133(6) by the AO to the aforesaid entity were also returned unserved. The AO made addition of the entire alleged bogus purchases made from the aforesaid supplier. It is the plea of the assessee that all the purchases were made through brokers and therefore it is not possible to get the details of the aforesaid supplier. In support

A.C.I.T. C.C. 24 & 26, MUMBAI vs. LAKHMICHAND D. ROHIRA, MUMBAI

Accordingly, Ground No.1 & 2 are partly allowed

ITA 2581/MUM/2012[2002-03]Status: DisposedITAT Mumbai30 Nov 2015AY 2002-03

Bench: Shri Shailendra Kumar Yadav & Shri Rajesh Kumar

For Respondent: Shri Anand Mohan, CIT-DR
Section 143(3)Section 234B

bogus one, as accepted by assessee himself in his statement u/s. 132(4). ii. Assessee has not maintained any books of accounts regarding commission income earned by the assessee himself and his sons. iii Assessee is making capital by way of gifts and inheritance. iv.Assessee has made unaccounted investments in shops.” ITA Nos.2462 to 246 & 2465 to 2467/Mum/2012 & 581/Mum/2013

LAKHMICHAND D ROHIRA,MUMBAI vs. ACIT CC- 24 & 26, MUMBAI

Accordingly, Ground No.1 & 2 are partly allowed

ITA 2462/MUM/2012[2002-03]Status: DisposedITAT Mumbai30 Nov 2015AY 2002-03

Bench: Shri Shailendra Kumar Yadav & Shri Rajesh Kumar

For Respondent: Shri Anand Mohan, CIT-DR
Section 143(3)Section 234B

bogus one, as accepted by assessee himself in his statement u/s. 132(4). ii. Assessee has not maintained any books of accounts regarding commission income earned by the assessee himself and his sons. iii Assessee is making capital by way of gifts and inheritance. iv.Assessee has made unaccounted investments in shops.” ITA Nos.2462 to 246 & 2465 to 2467/Mum/2012 & 581/Mum/2013

LAKHMICHAND D ROHIRA,MUMBAI vs. ACIT CC- 24 & 26, MUMBAI

Accordingly, Ground No.1 & 2 are partly allowed

ITA 2465/MUM/2012[2006-07]Status: DisposedITAT Mumbai30 Nov 2015AY 2006-07

Bench: Shri Shailendra Kumar Yadav & Shri Rajesh Kumar

For Respondent: Shri Anand Mohan, CIT-DR
Section 143(3)Section 234B

bogus one, as accepted by assessee himself in his statement u/s. 132(4). ii. Assessee has not maintained any books of accounts regarding commission income earned by the assessee himself and his sons. iii Assessee is making capital by way of gifts and inheritance. iv.Assessee has made unaccounted investments in shops.” ITA Nos.2462 to 246 & 2465 to 2467/Mum/2012 & 581/Mum/2013