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4 results for “bogus purchases”+ Section 26(1)(iii)clear

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Key Topics

Section 2637Section 153A7Section 143(3)4Section 41(1)4Addition to Income3Search & Seizure3Section 132(1)2Section 1482Section 1472

ACIT, CIRCLE-3, RANCHI vs. SHRI SUMIT RAMSISARIA, RANCHI

ITA 222/RAN/2019[2015-16]Status: DisposedITAT Ranchi11 Dec 2020AY 2015-16

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara

Section 133(6)Section 143(3)Section 41(1)

iii) The AR stated that the appellant has incurred expenses on account of purchase of materials of Rs.4,10,78,735/- and on account of business expenses of Rs. 26,98,782/-. Thereafter, the AR stated that, the AO has accepted the claim on account of purchase of material, business expenses etc. and rightly allowed the claim ITA No.222/R/2019 & C.O.12/R/2019

PADAM KUMAE JAIN,RANCHI vs. CIT, CENTRAL, PATNA

In the result, the appeal filed by the assessee is allowed

ITA 289/RAN/2019[2012-13]Status: DisposedITAT Ranchi08 Jul 2020
Section 133(6)2
Bogus/Accommodation Entry2
Deduction2
AY 2012-13

Bench: Shri S.S. Godara, Jm & Dr. A.L. Saini, Am आयकरअपीलसं./Ita No.289/Ran/2019 (िनधा"रणवष" / Assessment Year: 2012-13) Padam Kumar Jain Vs. Cit, Central, Cr Building, Beer Chand Patel Marg, Patna – 800001. Ratanlalsurajmal Compound, Main Road, Ranchi – 834001, Jharkhand "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abrpj 0001 E (Assessee) .. (Revenue)

For Appellant: Shri M.K. Chaudhury & Shri Devesh Poddar, AdvocateFor Respondent: Shri Inderjeet Singh, CIT (DR)
Section 132(4)Section 143(3)Section 153ASection 263

26) Please also furnish copies of bank statements and a copy of 26AS copies of quarterly 26Q and copies of challans for TDS done. (27) Please furnish the detail documentary evidence of deduction claimed under chapter VIA. (28) Please furnish the details of exempt income earned and expenses incurred for earning same. Also furnish the detail documentary evidence of LTCG

ACIT CENTRAL CIRCLE, JAMSHEDPUR vs. M/S SURAJ SOLUTION PVT LTD, JAMSHEDPUR

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

ITA 72/RAN/2017[2012-13]Status: DisposedITAT Ranchi29 Nov 2018AY 2012-13

Bench: Shri N.S.Saini & Shri Pavan Kumar Gadale

Section 132(1)Section 143(3)Section 147Section 148

III. The CIT(A) has erred in relying on the evidences about the permission of Railway Authorities obtained for the Clinker Handling work at the Goods shed. While doing so he totally overlooked whether actual execution of work had been done by the alleged party or whether any services were provided to the assessee company as handling charges

ACIT CENTRAL CIRCLE , JAMSHEDPUR vs. M/S SURAJ SOLUTIONS PVT LTD , JAMSHDPUR

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

ITA 184/RAN/2017[11-12]Status: DisposedITAT Ranchi29 Nov 2018

Bench: Shri N.S.Saini & Shri Pavan Kumar Gadale

Section 132(1)Section 143(3)Section 147Section 148

III. The CIT(A) has erred in relying on the evidences about the permission of Railway Authorities obtained for the Clinker Handling work at the Goods shed. While doing so he totally overlooked whether actual execution of work had been done by the alleged party or whether any services were provided to the assessee company as handling charges