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2 results for “bogus purchases”+ Section 254clear

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Key Topics

Section 2634Section 142(1)2Section 143(3)2

THE I.T.O., BHAGALPUR vs. M/S SILK CENRE, BHAGALPUR

In the result, the appeal of the department is dismissed

ITA 210/PAT/2013[2006-07]Status: DisposedITAT Patna08 Mar 2018AY 2006-07

Bench: Sh. N. K. Saini, Am & Sh. Amit Shukla, Jm Ita No. 210/Pat./2013 : Asstt. Year : 2006-07 Income Tax Officer, Vs M/S Silk Centre, Ward-1(3), Hazari Sah Lane, Nath Nagar, Bhagalpur Bhagalpur-812004 (Appellant) (Respondent) Pan No. Aavfs0591F Assessee By : Sh. K. N. Prasad, Adv. Revenue By : Sh. Kaushik Kumar Das, Sr. Dr Date Of Hearing : 06.03.2018 Date Of Pronouncement : 08.03.2018 Order Per N. K. Saini, Am: This Is An Appeal By The Department Against The Order Dated 21.03.2013 Of Ld. Cit(A)-I, Patna.

For Appellant: Sh. K. N. Prasad, AdvFor Respondent: Sh. Kaushik Kumar Das, Sr. DR
Section 131Section 133(6)Section 142(1)Section 143(3)Section 254Section 254(4)Section 263

Section 254 of the Act clearly lays down that the CIT(A) may make such further enquiry as he thinks fit or may direct the AO to make further enquiry (through Remand Report), but overlooking the fact that numerous notices were issued, and opportunities were provided but Assessee/Assessee’s AR resorted to complete non-compliance & even after seeking adjournment

BBCPL-RCPL (JV),JAMUI vs. PCIT CENTRAL, PATNA, PATNA

In the result, the appeal of the assessee is allowed

ITA 122/PAT/2023[2018-19]Status: DisposedITAT Patna17 Apr 2024AY 2018-19

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 127Section 133ASection 142(1)Section 143(2)Section 143(3)Section 263

254/- which is only marginally higher than the net profit declared by the assessee. Interest income of Rs.2509727/- has also been assessed. Books of accounts of the assessee has been rejected by the AO within the meaning of Section 145(3), however, assessment has been framed u/s 143(3) instead of Section 144, which also makes the assessment erroneous