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2 results for “bogus purchases”+ Section 43(5)clear

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Key Topics

Section 41(1)4Section 143(3)2Section 133(6)2Addition to Income2

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)

bogus sundry creditors and should not be added to the income of the appellant. Accordingly, it was argued that the impugned addition made by Ld. assessing officer u/s 41(1) of the Act is required to be deleted. [7.1] The findings of the Assessment order, the written & oral submissions and documentary evidence furnished by the AR during the appellate proceedings

ACIT, C.C.-1, RANCHI vs. M/S CHINTPURNI STEEL PVT. LTD.,, RANCHI

In the result, appeal of the revenue is dismissed

ITA 32/RAN/2020[2013-14]Status: DisposedITAT Ranchi06 Nov 2023AY 2013-14

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 143(3)Section 69A

bogus persons / entities as named in the assessment order. Hence the total amount of credit in the said current account was stood at Rs.34,13,13,634/- which is inclusive of cash deposits of Rs,7,20,46,000/- . These amounts were transferred to various ultimate beneficiaries through RTGS/Cheque 3 AY: 2013-14 M/s Chintpurni Steel