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

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Mumbai1,343Delhi1,076Jaipur362Kolkata238Chennai210Ahmedabad189Bangalore170Chandigarh167Surat127Pune119Karnataka119Indore97Hyderabad88Amritsar71Raipur66Cochin59Rajkot54Nagpur54Guwahati40Lucknow39Calcutta37Cuttack31Allahabad25Visakhapatnam25Agra22Jodhpur21Telangana9SC5Varanasi5Panaji5Ranchi4Dehradun2Jabalpur2Patna2Punjab & Haryana1Gauhati1

Key Topics

Section 684Section 1483Section 803Addition to Income3Section 260A2Section 143(2)2Penalty2Deduction2

BASIR AHMED SISODIA vs. THE INCOME TAX OFFICER

Appeal is allowed

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

Bench: HON'BLE MR. JUSTICE A.M. KHANWILKAR

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

bogus   entries   effected   by   the   appellant/assessee. Resultantly,   the   penalty   proceedings   under   Section   271   were initiated by the Officer.  That order, however, has now been set aside by the appellate authority [CIT(A)] in the appeal preferred by the appellant/assessee, vide order dated 13.1.2011 with a finding that the appellant/assessee had not made any concealment of 10 income   or   furnished   inaccurate

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

iii) any undertaking which develops, develops and operates or maintains and operates an industrial park notified by the Central Government in accordance with the scheme framed and notified by that Government for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2002 : Provided that in a case where an undertaking develops

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

iii)   such   income   has   been   made   the   subject   of excessive relief under this Act; or (iv)   excessive  loss  or  depreciation allowance  or  any other allowance under this Act has been computed. (ca) where a return of income has not been furnished by the assessee or a return of income has been furnished by him and on the basis of information

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

1 (SC) 4 [1977] 107 ITR (SC) 17 The Delhi High Court in CIT v. Oasis Hospitalities Pvt. Ltd.5, held that : “The initial onus is upon the assessee to establish three things necessary to obviate the mischief of Section 68. Those are: (i) identity of the investors; (ii) their creditworthiness/investments; and (iii) genuineness of the transaction. Only when these three

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

bogus SILs and Shri Garodia used to sell them in market and give them a premium of 3%. 4. The demand was confirmed under the proviso to Section 28(1) of the Act. The stand of the revenue that since the licenses were forged and were void, the buyer cannot have better title than the seller. CESTAT in appeal