PRAMOD SHANKARRAO SALUNKHE,,KOLHAPUR vs. PR. COMMISSIONER OF INCOME-TAX -2,, KOLHAPUR

In the result, appeal of the assessee is allowed

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm आयकर अपील सं. / Ita No. 974/Pun/2018 धनधाारण वषा / Assessment Year : 2010-11 Pramod Shankarrao Salunkhe Flat No.7, Takshak Apartment, E Ward, Nagala Park, Kolhapur-416 003 Pan : Alnps2900F .......अपीलाथी / Appellant बनाम / V/S. The Pr. Commissioner Of Income Tax-Ii, Kolhapur. ……प्रत्यथी / Respondent Assessee By : None Revenue By : Shri J.P Chandrakar

1,42,647 4.1 During the assessment proceedings, the Assessing Officer had made disallowance to the extent of Rs.28,530/- being 20% of such bogus purchases of Rs.1,42,647/-. 5. That during the revisionary Proceedings u/s.263 of the Act, the Ld. Pr. Commissioner of Income Tax had relied on the decision of the Hon‟ble Gujarat High Court

M/S. SHANDAR INTERIORS PVT. LD.,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX : 3,, PUNE

In the result, appeal of the assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am

bogus purchases. The total of such purchases works out to Rs.33,60,731/- for the A.Y. 2009-10. As per the provisions of section 147/148 of the Act, AO recorded the reasons on 06-09-2013 and held that he had reason to believe that an amount of Rs.33,60,731/- has escaped assessment for A.Y. 2009-10. Accordingly

M/S. SHANDAR INTERIORS PVT. LD.,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX : 3,, PUNE

In the result, appeal of the assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am

bogus purchases. The total of such purchases works out to Rs.33,60,731/- for the A.Y. 2009-10. As per the provisions of section 147/148 of the Act, AO recorded the reasons on 06-09-2013 and held that he had reason to believe that an amount of Rs.33,60,731/- has escaped assessment for A.Y. 2009-10. Accordingly

ASST. COMMISSIONER OF INCOME TAX, PANVEL CIRCLE PANVEL vs. OUTABOX MEDIA SOLUTIONS LLP, GHATKOPAR MUMBAI

In the result, the appeal filed by the Revenue is partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2017-18

Section 142 (1). 2. In the present case, the facts did not warrant the order made by the High Court. At the same time, this Court notices that the High Court had granted liberty to the concerned authority to issue appropriate notice. 3. It is clarified, therefore, that the assessing officer is free to complete the assessment (in case

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

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

bogus purchases and appellant has furnished evidences in form of delivery challans, purchase bills etc. (mentioning the point of origin of goods, destination, detail of vehicle numbers in which goods were transported as well as name of consignor and consignee) relating to same before the AO. Thus, appellant had successfully discharged initial burden or onus of providing details of party

M.M. PATEL PUBLIC CHARITABLE TRUST,SOLAPUR vs. PCIT- CENTRAL, PUNE, PUNE

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

section (3) of section 143 for any\nprevious year; or\nc) Such case has been selected in accordance with the risk\nmanagement strategy, formulated by the Board from time to\ntime, for any previous year;\nThe Principal Commissioner or Commissioner shall—\ni.\ncall for such documents or information from the trust\nor institution, or make such inquiry as he thinks

RAHUL CABLES PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME TAX -3,, PUNE

In the result, appeal of the assessee is allowed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.1168 To 1170/Pun/2017 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2009-10 To 2011-12 वष"

bogus purchases. The total of such purchases works out to Rs.3,47,78,546/- for the A.Y. 2009-10. As per procedure laid down in the provisions of section 147/148 of the Act, AO recorded the reasons on 06-09-2013 and held that he had reason to believe that, out of the above, an amount of Rs.69

RAHUL CABLES PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME TAX -3,, PUNE

In the result, appeal of the assessee is allowed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.1168 To 1170/Pun/2017 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2009-10 To 2011-12 वष"

bogus purchases. The total of such purchases works out to Rs.3,47,78,546/- for the A.Y. 2009-10. As per procedure laid down in the provisions of section 147/148 of the Act, AO recorded the reasons on 06-09-2013 and held that he had reason to believe that, out of the above, an amount of Rs.69

RAHUL CABLES PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME TAX -3,, PUNE

In the result, appeal of the assessee is allowed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.1168 To 1170/Pun/2017 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2009-10 To 2011-12 वष"

bogus purchases. The total of such purchases works out to Rs.3,47,78,546/- for the A.Y. 2009-10. As per procedure laid down in the provisions of section 147/148 of the Act, AO recorded the reasons on 06-09-2013 and held that he had reason to believe that, out of the above, an amount of Rs.69

M/S. ANIKET TRADING COMPANY,,NASHIK vs. DEPUTY COMMISSIONER OF INCOME TAX,, NASHIK

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

Bench: Shri D. Karunakara Rao, Am आयकर अपील सं. / Ita No.467/Pun/2017 िनधा"रण वष" / Assessment Year : 2010-11

section 133(6) of the Act, where hawala dealer was not traceable and in the absence of the assessee failing to file any documentary evidence of delivery of goods, addition is to be upheld in the hands of assessee on account of such bogus purchases. IV. The next instance is the case of goods which have been admittedly sold

CHETAS CONTROL SYSTEMS PVT. LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeal of the assessee in ITA No

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

section 133A of the Act was conducted in the business premises of assessee on 13/08/2013 to 14/08/2013. During the course of survey, statement on oath of Mr. Mahesh S. Deshmukh, Director of assessee Company was recorded and during the course of statement, he accepted following purchases as bogus purchases and offered the same for taxation in respective assessment years

CHETAS CONTROL SYSTEMS PVT. LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeal of the assessee in ITA No

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

section 133A of the Act was conducted in the business premises of assessee on 13/08/2013 to 14/08/2013. During the course of survey, statement on oath of Mr. Mahesh S. Deshmukh, Director of assessee Company was recorded and during the course of statement, he accepted following purchases as bogus purchases and offered the same for taxation in respective assessment years

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

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

bogus purchases of Rs.13,80,63,994/- will meet the ends of justice. We, therefore, set aside the order of the Ld. CIT(A) and direct the Assessing Officer to adopt the profit rate of 5% on the total purchases of Rs.13,80,63,994/- and restrict the addition to Rs.69,03,200/-. The order

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. YOG INDUSTRIES LTD.,, AURANGABAD

In the result, the appeals of assessee are allowed and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.866 & 867/Pun/2015 यििाारण वषा / Assessment Years : 2005-06 & 2006-07 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.868 & 869/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.881 & 882/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 The Asst. Commissioner Of Income-Tax, अऩीऱाथी/Appellant Circle 3, Aurangabad …. Vs. Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, …. प्रत्यथी / Respondent Aurangabad-431001 Pan: Aaacy1238P

bogus purchases and to have furnished inaccurate particulars of income. Again, the Assessing Officer has not come to a finding as to which limb of section 271(1

YOG INDUSTRIES LTD.,,AURANGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, the appeals of assessee are allowed and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.866 & 867/Pun/2015 यििाारण वषा / Assessment Years : 2005-06 & 2006-07 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.868 & 869/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.881 & 882/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 The Asst. Commissioner Of Income-Tax, अऩीऱाथी/Appellant Circle 3, Aurangabad …. Vs. Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, …. प्रत्यथी / Respondent Aurangabad-431001 Pan: Aaacy1238P

bogus purchases and to have furnished inaccurate particulars of income. Again, the Assessing Officer has not come to a finding as to which limb of section 271(1

YOG INDUSTRIES LTD.,,AURANGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, the appeals of assessee are allowed and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.866 & 867/Pun/2015 यििाारण वषा / Assessment Years : 2005-06 & 2006-07 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.868 & 869/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.881 & 882/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 The Asst. Commissioner Of Income-Tax, अऩीऱाथी/Appellant Circle 3, Aurangabad …. Vs. Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, …. प्रत्यथी / Respondent Aurangabad-431001 Pan: Aaacy1238P

bogus purchases and to have furnished inaccurate particulars of income. Again, the Assessing Officer has not come to a finding as to which limb of section 271(1

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. YOG INDUSTRIES LTD.,, AURANGABAD

In the result, the appeals of assessee are allowed and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.866 & 867/Pun/2015 यििाारण वषा / Assessment Years : 2005-06 & 2006-07 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.868 & 869/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.881 & 882/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 The Asst. Commissioner Of Income-Tax, अऩीऱाथी/Appellant Circle 3, Aurangabad …. Vs. Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, …. प्रत्यथी / Respondent Aurangabad-431001 Pan: Aaacy1238P

bogus purchases and to have furnished inaccurate particulars of income. Again, the Assessing Officer has not come to a finding as to which limb of section 271(1

YOG INDUSTRIES LTD.,,AURANGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, the appeals of assessee are allowed and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.866 & 867/Pun/2015 यििाारण वषा / Assessment Years : 2005-06 & 2006-07 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.868 & 869/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.881 & 882/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 The Asst. Commissioner Of Income-Tax, अऩीऱाथी/Appellant Circle 3, Aurangabad …. Vs. Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, …. प्रत्यथी / Respondent Aurangabad-431001 Pan: Aaacy1238P

bogus purchases and to have furnished inaccurate particulars of income. Again, the Assessing Officer has not come to a finding as to which limb of section 271(1