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

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

67,430/- for the assessment year 2009-10, (ii) Rs.68,43,018/- for the assessment year 2010-11 and (iii) Rs.1,05,84,505/- for the assessment year 2011-12. The Assessing Officer made the entire amounts as addition on account of bogus purchases and relied on the statement obtained u/s 131 of the Act. Assessee offered the said purchases

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

67,39,981/- Sharnappa Kasbe Total Rs.14,40,48,344/- 6. He, therefore, asked the assessee to explain as to why the transactions made with the above parties amounting to Rs.14,40,48,344/- should not be disallowed in absence of non-compliance to the notices issued to them u/s 133(6) of the Act. The assessee in response

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

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

67,39,981/-\nSharnappa Kasbe\nTotal\nRs.14,40,48,344/-\n6. He, therefore, asked the assessee to explain as to why the transactions made\nwith the above parties amounting to Rs.14,40,48,344/- should not be disallowed in\nabsence of non-compliance to the notices issued to them u/s 133(6) of the Act.\nThe assessee in response

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

67,639/- as against the declared total income of Rs.29,81,42,340/-. He found that the search action divulged that the assessee was inflating expenses by recording bogus steel purchase bills from Mumbai based parties. Prior to search, a survey u/s.133A was carried out at the business premises of the assessee, which was converted into the instant search action

DEPUTY COMMISSIONER OF INCOME TAX vs. M/S. BHARAT IRON SYNDICATE,, PUNE

In the result, the appeal of the Revenue is dismissed

67,94,890/- 7 Rohit Enterprises 23,26,628/- 8 Niddhish Impex Pvt. Ltd. 20,57,760/- Total purchases:- 2,29,12,188/- 7. Having held that the alleged purchases were bogus in nature and only hawala entries were passed showing these names of the parties in the books of account of the assessee, the question that needs

INCOME TAX OFFICER vs. M/S. MAHARASHTRA INDUSTRIES & RE-ROLLING MILLS,, NASHIK

In the result, both the appeals of the Revenue are dismissed

Bench: Shri D. Karunakara Rao, Am

bogus purchases from Hawala dealers/parties. 1.2 Whether on the facts and in circumstances of the case and in law, the CIT(A)-1, Nashik was justified in deleting the addition even when the assessee has failed to discharge its onus of giving evidence for proving the purchases. 1.3 Whether on the facts and in circumstances of the case

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 2,, SOLAPUR vs. M/S. BEEKAY ENTERPRISES,, SOLAPUR

In the result, the legal ground taken in the assessee’s cross objection which goes to the root of the matter is allowed and the ground on merits therefore, becomes academic in nature

section 69C does not permit allowing partial expenditure. 5) Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A)-7, Pune is justified in restricting the disallowance @ 20% of bogus purchases from Hawala traders when the Gujarat High Court has held that the bogus purchase was disallowed when the same has been

MAHARASHTRA ENGINEERING ,,KOLHAPUR vs. PR. COMMISSIONER OF INCOME-TAX -1,, KOLHAPUR

In the result, the appeal of the assessee is allowed

Bench: Shri George Mathan & Shri Anil Chaturvedi

section 68 of the Act. It was the submission that since the assessee did not get adequate time, he was unable to respond to the show cause notice by 27-3-2018 but the assessee had responded on 30-3-2018 with all the details as called for by the learned Pr. CIT. It was his submission that however

INCOME-TAX OFFICER vs. M/S. METAL UNITED ALLOYS FUSION PRODUCTS LTD.,, NASHIK

In the result, the appeal of the Revenue in ITA

Bench: Shri Anil Chaturvedi, Am & Shri P.S. Chaudhury, J.M.

67,890/- on account of alleged bogus purchases from Hawala dealers/parties? 2. Whether on the facts and in the circumstances of the case, the Learned CIT(A)-1, Nashik was justified in deleting the addition on the basis of the section