DY COMMISSIONER OF INCOME TAX, SATARA vs. KAY BOUVET ENGINEERING LIMITED, SATARA

In the result, both the appeals filed by the Revenue and both the COs filed\nby the assessee are dismissed

income.\n3.\nSubsequently a survey u/s 133A of the Act was carried out at the business\npremises of M/s. Siasons Trade and Industry Pvt. Ltd. (STIPL) by the DDIT (Inv),\nUnit 5(1), Mumbai on 21.01.2021. During the course of survey it was found that\nSTIPL is indulged in receiving accommodation entries in the form of bogus\npurchases and bogus

DEPUTY COMMISSIONER OF INCOME TAX, AURANGABAD vs. METAROLLS ISPAT PVT. LTD., JALNA

In the result, both the appeals filed by the Revenue are partly allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2020-21

bogus purchases. 4. Facts of the case, in brief, are that the assessee is a company engaged in business of manufacturing of steel products such as MS Billets & TMT Bars. It filed its return of income

DEPUTY COMMISSIONER OF INCOME TAX, AURANGABAD vs. RATHI STEEL AND METAL PVT. LTD, JALNA

In the result, the appeal filed by the Revenue is partly allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22 Dcit, Aurangabad Rathi Steel & Metal Pvt. Ltd. Plot No.F12, Addl Midc Area, Phase-Ii, Vs. Jalna – 431203 Pan : Aabcr5546A (Appellant) (Respondent) Assessee By : Shri Anand Partani Department By : Shri Ajay Kumar Keshari - Cit Date Of Hearing : 01-04-2025 Date Of Pronouncement : 27-05-2025 O R D E R

business of manufacturing of steel products such as MS Billets & TMT Bars. It filed its return of income on 28.01.2022 declaring total income of Rs.3,85,46,910/-. A search and seizure action u/s 132 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) was carried out in the case of the assessee on 23.09.2021. The case

ASSISTANT COMMISSIONER OF INCOME TAX, KOLHAPUR vs. NATHMAL RUPCHAND JAIN, KOLHAPUR

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2020-21

income of the assessee from the business is therefore estimated based on the information available on record. Since the cash sales have not been substantiated and on the basis of information of bogus purchases

M/S SIZE CONTROL GAUGES AND TOOLS PVT. LTD.,PUNE vs. DY CIT , CIRCLE- 5, PUNE

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

Bench: Shri Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1864 To 1868/Pun/2025 निर्धारण वर्ा / Assessment Years : 2007-08 To 2011-12 M/S. Size Control Gauges Vs. Dcit, Circle-5, Pune. & Tools Pvt. Ltd., Plot No.100/101, Tiny Industries Co-Op. Estate Ltd., Pisoli Road, Kondhwa (Bk), Pune- 411048. Pan : Aaccs3670F Appellant Respondent

business & factory premises of the assessee on 31.01.2013. During the survey, the director of the assessee company had confirmed that the company made bogus purchases during the year under consideration. Accordingly, vide order dated 13.06.2014 passed u/s 143(3) r.w.s. 147 of the IT Act, the Assessing Officer made addition of Rs.20,31,158/- as bogus purchases being

M/S SIZE CONTROL GAUGES AND TOOLS PVT. LTD.,PUNE vs. DY CIT , CIRCLE- 5, PUNE

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

Bench: Shri Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1864 To 1868/Pun/2025 निर्धारण वर्ा / Assessment Years : 2007-08 To 2011-12 M/S. Size Control Gauges Vs. Dcit, Circle-5, Pune. & Tools Pvt. Ltd., Plot No.100/101, Tiny Industries Co-Op. Estate Ltd., Pisoli Road, Kondhwa (Bk), Pune- 411048. Pan : Aaccs3670F Appellant Respondent

business & factory premises of the assessee on 31.01.2013. During the survey, the director of the assessee company had confirmed that the company made bogus purchases during the year under consideration. Accordingly, vide order dated 13.06.2014 passed u/s 143(3) r.w.s. 147 of the IT Act, the Assessing Officer made addition of Rs.20,31,158/- as bogus purchases being

M/S SIZE CONTROL GAUGES AND TOOLS PVT. LTD.,PUNE vs. DY CIT , CIRCLE- 5, PUNE

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

Bench: Shri Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1864 To 1868/Pun/2025 निर्धारण वर्ा / Assessment Years : 2007-08 To 2011-12 M/S. Size Control Gauges Vs. Dcit, Circle-5, Pune. & Tools Pvt. Ltd., Plot No.100/101, Tiny Industries Co-Op. Estate Ltd., Pisoli Road, Kondhwa (Bk), Pune- 411048. Pan : Aaccs3670F Appellant Respondent

business & factory premises of the assessee on 31.01.2013. During the survey, the director of the assessee company had confirmed that the company made bogus purchases during the year under consideration. Accordingly, vide order dated 13.06.2014 passed u/s 143(3) r.w.s. 147 of the IT Act, the Assessing Officer made addition of Rs.20,31,158/- as bogus purchases being

M/S SIZE CONTROL GAUGES AND TOOLS PVT. LTD. ,PUNE vs. DY CIT , CIRCLE- 5 , PUNE

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

Bench: Shri Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1864 To 1868/Pun/2025 निर्धारण वर्ा / Assessment Years : 2007-08 To 2011-12 M/S. Size Control Gauges Vs. Dcit, Circle-5, Pune. & Tools Pvt. Ltd., Plot No.100/101, Tiny Industries Co-Op. Estate Ltd., Pisoli Road, Kondhwa (Bk), Pune- 411048. Pan : Aaccs3670F Appellant Respondent

business & factory premises of the assessee on 31.01.2013. During the survey, the director of the assessee company had confirmed that the company made bogus purchases during the year under consideration. Accordingly, vide order dated 13.06.2014 passed u/s 143(3) r.w.s. 147 of the IT Act, the Assessing Officer made addition of Rs.20,31,158/- as bogus purchases being

M/S SIZE CONTROL GAUGES AND TOOLS PVT. LTD.,PUNE vs. DY CIT , CIRCLE- 5, PUNE

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

Bench: Shri Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1864 To 1868/Pun/2025 निर्धारण वर्ा / Assessment Years : 2007-08 To 2011-12 M/S. Size Control Gauges Vs. Dcit, Circle-5, Pune. & Tools Pvt. Ltd., Plot No.100/101, Tiny Industries Co-Op. Estate Ltd., Pisoli Road, Kondhwa (Bk), Pune- 411048. Pan : Aaccs3670F Appellant Respondent

business & factory premises of the assessee on 31.01.2013. During the survey, the director of the assessee company had confirmed that the company made bogus purchases during the year under consideration. Accordingly, vide order dated 13.06.2014 passed u/s 143(3) r.w.s. 147 of the IT Act, the Assessing Officer made addition of Rs.20,31,158/- as bogus purchases being

ACIT, CIRCLE-1, NASHIK, NASHIK vs. TAPARIA TOOLS LIMITED, NASHIK

In the result, both the appeal of the Revenue as well as Cross Objection of the assessee are allowed for statistical purposes as per the terms indicated above

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1337/Pun/2025 Assessment Year : 2017-18

bogus purchases amounting to Rs.87,64,74,079/-is being made u/s 37(1) of the Act, and added to the total income of the assessee. Penalty u/s 270A(9) of misreporting of income is being initiated. Section 37. General-(1) Any expenditure (not being expenditure of the nature described in sections 30 to 36 1 **and not being

DY. COMMISSIONER OF INCOME TAX,SATARA CIRCLE,SATARA, SATARA vs. KAY BOUVET ENGINEERING LIMITED, SATARA

In the result, both the appeals filed by the Revenue and both the COs filed by the assessee are dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandra

income. 3. Subsequently a survey u/s 133A of the Act was carried out at the business premises of M/s. Siasons Trade and Industry Pvt. Ltd. (STIPL) by the DDIT (Inv), Unit 5(1), Mumbai on 21.01.2021. During the course of survey it was found that STIPL is indulged in receiving accommodation entries in the form of bogus purchases

DCIT-CIRCLE 7 PUNE, BODHI TOWER SALISBURY PARK PUNE vs. TRIO CHEMSUCROTECH ENG. PROJECTS PVT. LTD, PUNE

purchases and expenses and also based on the information collected from the assessee observed that the assessee company has arranged bogus expenses of Rs.24.24 crore which inter alia included bogus commission expenses also. When the assessee was confronted, it was submitted that these bogus losses have been arranged to cover up the inflated project value invoiced to TIL by Rs.26.55

SERUM INSTITUTE OF INDIA LTD.,,PUNE vs. DEPUTY COMMISISONER OF INCOME-TAX,,

In the result, the appeal of the assessee is partly allowed in

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita No.1184/Pun/2015 "नधा"रण वष" / Assessment Year : 2009-10

INCOME TAX APPELLATE TRIBUNAL PUNE BENCH, ‘A’ PUNE BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपील सं. / ITA No.1184/PUN/2015 "नधा"रण वष" / Assessment Year : 2009-10 Serum Institute of India Ltd., Vs. DCIT, 212/2, Hadapsar, Central Circle-1(1), Pune 411 028 Pune PAN : AABCS4225M Appellant Respondent Assessee by Shri Eugene Waradkar Revenue

RAKESH H MEHTA HUF,MUMBAI vs. ACIT, CC-1(2), PUNE

In the result, all the three appeals of the assessee are dismissed

Bench: Dr.Manish Borad & Shri Vinay Bhamore

purchases, transport bills etc. explaining the procedure involved in the business along with details of documents. In absence of any submissions made by the assessee Rakesh H. Mehta HUF to substantiate the genuineness of the transactions with supporting documents, ld. AO opined that the assessee made bogus entries by way of sales. Therefore, he estimated the commission

RAKESH H MEHTA HUF,MUMBAI vs. ACIT, CC-1(2), PUNE

In the result, all the three appeals of the assessee are dismissed

Bench: Dr.Manish Borad & Shri Vinay Bhamore

purchases, transport bills etc. explaining the procedure involved in the business along with details of documents. In absence of any submissions made by the assessee Rakesh H. Mehta HUF to substantiate the genuineness of the transactions with supporting documents, ld. AO opined that the assessee made bogus entries by way of sales. Therefore, he estimated the commission

RAKESH H MEHTA HUF,MUMBAI vs. ACIT, CC-1(2), PUNE

In the result, all the three appeals of the assessee are dismissed

Bench: Dr.Manish Borad & Shri Vinay Bhamore

purchases, transport bills etc. explaining the procedure involved in the business along with details of documents. In absence of any submissions made by the assessee Rakesh H. Mehta HUF to substantiate the genuineness of the transactions with supporting documents, ld. AO opined that the assessee made bogus entries by way of sales. Therefore, he estimated the commission

INCOME-TAX OFFICER vs. SHRI NITIN RAMDEOJI LOHIA,, NASHIK

Appeals are partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

business as under : “8 In the present case, as noted above, the assessee was a trader of fabrics. The A.O. found three entities who were indulging in bogus billing activities. A.O. found that the purchases made by the assessee from these entities were bogus. This being a finding of fact, we have proceeded on such basis. Despite this, the question

INCOME-TAX OFFICER vs. SHRI NITIN RAMDEOJI LOHIA,, NASHIK

Appeals are partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

business as under : “8 In the present case, as noted above, the assessee was a trader of fabrics. The A.O. found three entities who were indulging in bogus billing activities. A.O. found that the purchases made by the assessee from these entities were bogus. This being a finding of fact, we have proceeded on such basis. Despite this, the question

INCOME-TAX OFFICER vs. SHRI NITIN RAMDEOJI LOHIA,, NASHIK

Appeals are partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

business as under : “8 In the present case, as noted above, the assessee was a trader of fabrics. The A.O. found three entities who were indulging in bogus billing activities. A.O. found that the purchases made by the assessee from these entities were bogus. This being a finding of fact, we have proceeded on such basis. Despite this, the question