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3 results for “bogus purchases”+ Section 40A(3)clear

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Key Topics

Section 35A6Section 139(1)3Addition to Income3Section 143(3)2Section 143(2)2Section 242Section 10(34)2Section 153A2Deduction2

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR

In the result, Revenue’s appeal is dismissed

ITA 176/NAG/2016[2011-12]Status: DisposedITAT Nagpur15 May 2025AY 2011-12

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Sachin V. LuthraFor Respondent: Harshad S. Vengurlekar
Section 10(34)Section 10(35)Section 132Section 139(1)Section 143(3)Section 153ASection 24

purchase of land treated unexplained ` 4,42,000 (xi) Total:- ` 8,06,23,989 4 Shree Agarwal Finance India Pvt. Ltd. ITA no.176/Nag./2016 The assessee being aggrieved by the additions so made by the Assessing Officer carried the matter before the first appellate authority. 4. During the appellate proceedings, the learned CIT(A) considering the facts of the case

Disallowance2
Rectification u/s 1542

JASIBAI DAYARAM AMLANI,AMRAVATI vs. DCIT AMRAVATI CIRCLE, AMRAVATI

In the result, appeal of the Assessee is partly allowed

ITA 749/NAG/2025[2014-15]Status: DisposedITAT Nagpur12 Feb 2026AY 2014-15

Bench: Dr. Manish Borad

For Appellant: Shri Rajesh Loya, CAFor Respondent: Shri Surjit Kumar Saha, Sr.DR
Section 143(2)Section 143(3)Section 144(3)Section 234ASection 250Section 40A(2)(b)

section 40A(2)(b) of the Act applicable to the payments made to the related parties, Ld.AO observed that her son Mr. Naresh Amlani does not work for assessee and that the claim made towards salary expense of ₹3,00,000/- is bogus and disallowed the same and assessed at ₹ 30,79,080/- 6. Aggrieved, assessee preferred appeal before

INCOME TAX OFFICER WARD-2, KHAMGAON, KHAMGAON vs. RENUKA OIL INDUSTRIES, KHAMGAON

In the result, Revenue’s appeal stands dismissed

ITA 390/NAG/2024[2013-14]Status: DisposedITAT Nagpur27 Jan 2025AY 2013-14

Bench: Shri V. Durga Rao

For Appellant: NoneFor Respondent: Shri Sandipkumar Salunke
Section 139Section 139(1)Section 139(4)Section 143(2)Section 154Section 35A

3 Renuka Oil Industries ITA no.390/Nag./2024 4. The learned CIT(A), insofar as claim of deduction under section 35AD of the Act by the assessee is concerned, the learned CIT(A) allowed the claim by observing as under:- “6.7 On perusal & verification of the above submissions filed by the appellant vis a vis the concerned original return of income