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6 results for “bogus purchases”+ Section 13(1)(b)clear

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Mumbai2,616Delhi1,737Kolkata538Jaipur506Chennai337Ahmedabad327Bangalore296Surat218Chandigarh204Hyderabad177Pune149Indore127Karnataka123Raipur86Amritsar77Rajkot75Nagpur70Cochin60Lucknow59Visakhapatnam56Guwahati43Calcutta43Cuttack35Allahabad34Agra27Jodhpur27Patna15Telangana13Ranchi13Dehradun9Varanasi7Jabalpur7SC6Panaji4Gauhati2Orissa2ASHOK BHAN DALVEER BHANDARI1

Key Topics

Section 685Section 271(1)(c)4Section 260A3Section 1483Section 803Penalty3Addition to Income3Section 143(2)2Depreciation2Deduction

M/S.VIRTUAL SOFT SYSTEMS LTD. vs. COMMISSIONER OF INCOME TAX, DELHI-I

C.A. No.-007115-007115 - 2005Supreme Court06 Feb 2007
For Respondent: Commissioner of Income Tax, Delhi-I
Section 260ASection 271(1)(c)Section 68

purchase and lease of cinematographic films held to be bogus Rs. 57,51,520.00 (ii) Reduction of claim of depreciation in respect of leasing vehicles from 40% to 20%. Rs. 10,28,462.00 (iii) Unexplained share application money added back as unexplained cash credits under Section 68 Rs. 19,16,000.00 (iv) Lease rentals of cinematographic films held

BASIR AHMED SISODIA vs. THE INCOME TAX OFFICER

Appeal is allowed

C.A. No.-006110-006110 - 2009Supreme Court24 Apr 2020

HON'BLE MR. JUSTICE A.M. KHANWILKAR

2
Bench:
Section 143(2)Section 24(1)Section 260ASection 272(1)(c)Section 68

b)  fails to comply with all the terms of a notice issued under sub­section (1) of section 142 or fails   to   comply   with   a   direction   issued   under sub­section (2A) of that section, or (c) having made a return, fails to comply with all the   terms   of   a   notice   issued   under   sub­ section (2) of section 143, the Assessing   Officer,   after

COMMISSIONER OF INCOME TAX vs. M/S JINDAL STEEL THROUGH ITS MANAGING DIRECTOR

Appeals are hereby dismissed

C.A. No.-013771-013771 - 2015Supreme Court06 Dec 2023

Bench: HON'BLE MRS. JUSTICE B.V. NAGARATHNA

Section 260ASection 80

13. Per contra, learned senior counsel for the respondent assessee submits that there is no merit in all the appeals filed by the revenue on the issue of deduction under Section 80 IA of the Act. It is submitted that revenue is not justified in treating the price of electricity paid by the State Electricity Board to the assessee

NEW DELHI TELEVISION LTD vs. DEPUTY COMMISSIONER OF INCOME TAX

C.A. No.-001008-001008 - 2020Supreme Court03 Apr 2020

Bench: HON'BLE MR. JUSTICE L. NAGESWARA RAO

Section 142(1)Section 143Section 143(2)Section 148

bogus transactions and that these transactions were done with a view to get the undisclosed income, for which tax had not been paid, back to India by this circuitous round tripping.   4 5 6. The   assessing   officer   relies   upon   the   order   of   the   DRP holding that there is reason to believe that funds received by NNPLC were actually the funds

COMMNR. OF CUSTOMS(PREVENTIVE) vs. M/S. AAFLOAT TEXTILES (I) P.LTD.&ORS

The appeal is allowed

C.A. No.-002447-002447 - 2007Supreme Court16 Feb 2009

Bench: The Cestat Was To The Order Of Commissioner Of Customs Who Confirmed The Duty Demand Of

Section 111Section 114ASection 28Section 28(1)Section 28A

purchase of SILs for import of bullion and subsequently selling them in the local market. Shri Mahendra Shah stated that he had sold bogus SILs to the importer company. Shri Rasiklal Mehta stated that he and one AtuI Garodia met one Shri D.R. Gulati in Bombay who told that he could provide bogus SIL for which he would charge

PRINCIPAL COMMISSIONER OF INCOME TAX(CENTRAL) 1 vs. NRA IRON AND STEEL PVT. LTD. THROUGH DIRECTOR

C.A. No.-002463-002463 - 2019Supreme Court05 Mar 2019

Bench: HON'BLE THE CHIEF JUSTICE

Section 148Section 68

B)Kolkata Based Companies 1. Neha Cassettes Pvt. Ltd. 90,00,000 2. Warner Multimedia Ltd. 95,00,000 3. Gopikar Supply Pvt. Ltd. 90,00,000 4. Ganga Builders Ltd. 90,00,000 5. Gromore Fund Management Co. Ltd. 95,00,000 6. Bayanwala Brothers Pvt. Ltd. 95,00,000 7. Super Finance Ltd. 90,00,000 8. Shivalaxmi