CHANDUKAKA SARAF AND SONS PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX , (CENTRAL),, PUNE

In the result, all the seven appeals of the assessee are partly allowed

263 proceeding, the assessee has taken stand that the figure of the URD purchase shown in the books is not correct as large number of persons had purchased gold in exchange of old gold. However the detail of such sale in correlation of the URD purchase was not made available. It has been further stated that the disallowance

CHANDUKAKA SARAF AND SONS PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX , (CENTRAL),, PUNE

In the result, all the seven appeals of the assessee are partly allowed

263 proceeding, the assessee has taken stand that the figure of the URD purchase shown in the books is not correct as large number of persons had purchased gold in exchange of old gold. However the detail of such sale in correlation of the URD purchase was not made available. It has been further stated that the disallowance

CHANDUKAKA SARAF AND SONS PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX , (CENTRAL),, PUNE

In the result, all the seven appeals of the assessee are partly allowed

263 proceeding, the assessee has taken stand that the figure of the URD purchase shown in the books is not correct as large number of persons had purchased gold in exchange of old gold. However the detail of such sale in correlation of the URD purchase was not made available. It has been further stated that the disallowance

CHANDUKAKA SARAF AND SONS PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX , (CENTRAL),, PUNE

In the result, all the seven appeals of the assessee are partly allowed

263 proceeding, the assessee has taken stand that the figure of the URD purchase shown in the books is not correct as large number of persons had purchased gold in exchange of old gold. However the detail of such sale in correlation of the URD purchase was not made available. It has been further stated that the disallowance

CHANDUKAKA SARAF AND SONS PVT.LTD,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX , (CENTRAL),, PUNE

In the result, all the seven appeals of the assessee are partly allowed

263 proceeding, the assessee has taken stand that the figure of the URD purchase shown in the books is not correct as large number of persons had purchased gold in exchange of old gold. However the detail of such sale in correlation of the URD purchase was not made available. It has been further stated that the disallowance

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 and issued a show cause notice dated 03-03-2017 to the assessee calling for explanation as to why the provisions of section 263

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 and issued a show cause notice dated 03-03-2017 to the assessee calling for explanation as to why the provisions of section 263

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"

section 263 of the Act against the AO’s order adding only 20% of the bogus purchases in the reassessment

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"

section 263 of the Act against the AO’s order adding only 20% of the bogus purchases in the reassessment

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"

section 263 of the Act against the AO’s order adding only 20% of the bogus purchases in the reassessment

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. ASHAPURA RUBBER UDYOG,, NASHIK

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

263 ITR 101 (Ker) and also relied on the CBDT Instruction No.286/2/2003 dated 10.03.2003 and appreciated the reasons for retraction relating to the offer of entire bogus purchases income of the assessee during the proceedings u/s 131 of the Act. 5. In the background facts narrated above before us, ld. DR for the Revenue relied heavily on the order

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. ASHAPURA RUBBER UDYOG,, NASHIK

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

263 ITR 101 (Ker) and also relied on the CBDT Instruction No.286/2/2003 dated 10.03.2003 and appreciated the reasons for retraction relating to the offer of entire bogus purchases income of the assessee during the proceedings u/s 131 of the Act. 5. In the background facts narrated above before us, ld. DR for the Revenue relied heavily on the order

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. ASHAPURA RUBBER UDYOG,, NASHIK

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

263 ITR 101 (Ker) and also relied on the CBDT Instruction No.286/2/2003 dated 10.03.2003 and appreciated the reasons for retraction relating to the offer of entire bogus purchases income of the assessee during the proceedings u/s 131 of the Act. 5. In the background facts narrated above before us, ld. DR for the Revenue relied heavily on the order

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

purchases and bogus\nsales as circular trading for inflation of turnover. However, it is an admitted fact\nthat the assessee in the instant case is maintaining regular books of account which\nwere duly audited and the Assessing Officer has not rejected such audited books of\naccount and accepted the various items which conform part of Profit and Loss\nAccount including

INCOME TAX OFFICER, PUNE vs. COOPERATION METALS, PUNE

In the result, the appeals filed by the assessee are partly allowed and the appeals filed by the Revenue are dismissed

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

263 of the Act in response to which the assessee filed its submissions. It was explained that the assessee has made purchases from the parties concerned from whom physical delivery of goods were taken and supplied to the industries for consumption across Pune. The above parties have not made VAT payment to the Sales Tax Department and hence were declared

INCOME TAX OFFICER, PUNE vs. COOPERATION METALS, PUNE

In the result, the appeals filed by the assessee are partly allowed and the appeals filed by the Revenue are dismissed

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

263 of the Act in response to which the assessee filed its submissions. It was explained that the assessee has made purchases from the parties concerned from whom physical delivery of goods were taken and supplied to the industries for consumption across Pune. The above parties have not made VAT payment to the Sales Tax Department and hence were declared

CO-OPERATION METALS,PUNE vs. ITO WARD 6(3), PUNE

In the result, the appeals filed by the assessee are partly allowed and the appeals filed by the Revenue are dismissed

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

263 of the Act in response to which the assessee filed its submissions. It was explained that the assessee has made purchases from the parties concerned from whom physical delivery of goods were taken and supplied to the industries for consumption across Pune. The above parties have not made VAT payment to the Sales Tax Department and hence were declared

INCOME TAX OFFICER, PUNE vs. COOPERATION METALS, PUNE

In the result, the appeals filed by the assessee are partly allowed and the appeals filed by the Revenue are dismissed

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

263 of the Act in response to which the assessee filed its submissions. It was explained that the assessee has made purchases from the parties concerned from whom physical delivery of goods were taken and supplied to the industries for consumption across Pune. The above parties have not made VAT payment to the Sales Tax Department and hence were declared