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2 results for “bogus purchases”+ Section 391clear

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Key Topics

Section 145(3)4Section 133(6)3Addition to Income2

M/S SAFARI FINE CLOTHING PVT. LTD.,,GANDHIDHAM. vs. ASSTT. COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE, GANDHIDHAM., GANDHIDHAM

ITA 30/RJT/2018[2011-12]Status: DisposedITAT Rajkot03 Oct 2018AY 2011-12

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedिनधा"रण िनधा"रण वष" वष" M/S. Safari Fine Clothing Pvt. Acit, Ltd., Vs. Gandhidham Circle Shed No.280/281, A Type, Gandhidham. Sector No.3, Ka Sez, Gandhinagar- Kutch वष" Ito, M/S. Safari Fine Clothing Pvt. Ward-2, Vs. Ltd., Gandhidham "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aajcs 0565 Q अपीलाथ" अपीलाथ"/ (Appellant) अपीलाथ" अपीलाथ" (""यथ" / Respondent) Assessee By : Shri Chetan L. Agarwal, Ar. Revenue By : S Shri Praveen Verma, Sr. D.R. सुनवाई क" तारीख / Date Of Hearing : 01/08/2018 घोषणा क" तारीख / Date Of Pronouncement : 03/10/2018

For Appellant: Shri Chetan L. Agarwal, ARFor Respondent: S Shri Praveen Verma, Sr. D.R
Section 133(6)Section 41(1)Section 68

391 of the paper book. 6.4 The Ld. AR also submitted that the provision of section 69C cannot be invoked in the case in hand. It is because the assessee has explained the nature of the expenses and the source of the same has not ITA Nos.30 & 85/Rjt/2018 Safari Fine Clothing Pvt. Ltd.(cross appeals) A.Y 2011-12 been doubted

THE ASSTT. COMMR. INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT vs. M/S KRISHNA DEVELOPERS,, RAJKOT-GUJARAT

In the result, the appeal filed by the Revenue is dismissed, and the ground raised by the assessee in the CO is allowed

ITA 620/RJT/2014[2011-12]Status: DisposedITAT Rajkot27 May 2019AY 2011-12

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No.620/Rjt/2014 With C.O.No.4/Rjt/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 A.C.I.T., M/S.Krishna Developers, Circle-1, Business Centre, Vs. Junagadh. 1St Floor, Bus Station Road, Lal Bahadur Society, Junagadh.

For Appellant: Shri Mehul Ranpura, A.R
Section 145(3)

391 2.02 5.00 Average 1.67 7.4 However, the net profit ratio cannot be a factor to reject the books of accounts. As such, the books of accounts of the assessee can be rejected by the AO under two circumstances only. Firstly, if the AO is not satisfied with the correctness or the completeness of the books of accounts and where