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25 results for “bogus purchases”+ Section 251clear

Sorted by relevance

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Key Topics

Addition to Income25Section 143(3)20Section 14714Section 6813Survey u/s 133A12Section 14810Business Income7Cash Deposit7Demonetization7

ITO, WARD-2(2)(4), SURAT vs. SHRI UMESH P BANSAL, SURAT

In the result, ground No.1 raised by the Revenue in ITA

ITA 155/SRT/2020[2013-14]Status: DisposedITAT Surat14 Jul 2023AY 2013-14

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Hearing) Sl.

For Appellant: Shri Mehul Shah, CAFor Respondent: Shri Vinod Kumar, Sr. DR
Section 143(3)

Section 68 comes into play where any sum is credited in account which is not explained by assessee and does, not apply when goods or services is purchased on credit & an entry is made creating the liability in the account of supplier. When the purchases & sales are not doubted, the outstanding creditors cannot, be added u/s 68. In this case

ITO, WARD-2(2)(4), SURAT vs. SHRI UMESH P BANSAL, SURAT

In the result, ground No.1 raised by the Revenue in ITA

Showing 1–20 of 25 · Page 1 of 2

Section 133A5
Section 1315
Section 693
ITA 154/SRT/2020[2012-13]Status: Disposed
ITAT Surat
14 Jul 2023
AY 2012-13

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Hearing) Sl.

For Appellant: Shri Mehul Shah, CAFor Respondent: Shri Vinod Kumar, Sr. DR
Section 143(3)

Section 68 comes into play where any sum is credited in account which is not explained by assessee and does, not apply when goods or services is purchased on credit & an entry is made creating the liability in the account of supplier. When the purchases & sales are not doubted, the outstanding creditors cannot, be added u/s 68. In this case

UMESHKUMAR P BANSAL,SURAT vs. ITO, WARD-2(2)(4), SURAT

In the result, ground No.1 raised by the Revenue in ITA

ITA 146/SRT/2020[2013-14]Status: DisposedITAT Surat14 Jul 2023AY 2013-14

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Hearing) Sl.

For Appellant: Shri Mehul Shah, CAFor Respondent: Shri Vinod Kumar, Sr. DR
Section 143(3)

Section 68 comes into play where any sum is credited in account which is not explained by assessee and does, not apply when goods or services is purchased on credit & an entry is made creating the liability in the account of supplier. When the purchases & sales are not doubted, the outstanding creditors cannot, be added u/s 68. In this case

UMESHKUMAR P BANSAL,SURAT vs. ITO, WARD-2(2)(4), SURAT

In the result, ground No.1 raised by the Revenue in ITA

ITA 145/SRT/2020[2012-13]Status: DisposedITAT Surat14 Jul 2023AY 2012-13

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Hearing) Sl.

For Appellant: Shri Mehul Shah, CAFor Respondent: Shri Vinod Kumar, Sr. DR
Section 143(3)

Section 68 comes into play where any sum is credited in account which is not explained by assessee and does, not apply when goods or services is purchased on credit & an entry is made creating the liability in the account of supplier. When the purchases & sales are not doubted, the outstanding creditors cannot, be added u/s 68. In this case

ACIT, CIRCLE-3(2), SURAT vs. M/S. RAJLAXMI INFRA, SURAT

In the result, this ground of appeal is dismissed

ITA 163/SRT/2020[2013-14]Status: DisposedITAT Surat17 Apr 2023AY 2013-14

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.163/Srt/2020 (Ay 2013-14) (Hearing In Physical Court) Assistant Commissioner Of M/S Rajlaxmi Infra Income-Tax, Circle-3(2), Room 64, Rajlaxmi Height, Vs No.410, Aayakar Bhawan, Singanpore Cosway Road, Majura Gate, Opp. Shradhhadeep Soc, Surat-395001 Surat-395004 Pan No. Aaofr 1095 C ""थ" /Respondent अपीलाथ"/Appellant

Section 133(6)Section 143(3)Section 254(1)

purchase of Rs.58,00,745/- as bogus and added to the income of assessee. 5 Rajlaxmi Infra 4. Aggrieved by the addition made by Assessing Officer, the assessee filed appeal before the Ld. CIT(A). Before Ld. CIT(A) the assessee filed detailed written submission. The submission of assessee was recorded in para-4 of the order

DIYA FABRICS,SURAT vs. INCOME TAX OFFICER, WARD 1(2)(1), SURAT

In the result, while appeal of the assessee is allowed, appeal of the Revenue is dismissed

ITA 355/SRT/2022[2014-15]Status: DisposedITAT Surat30 Mar 2023AY 2014-15

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.355/Srt/2022 "नधा"रण वष"/Assessment Year: (2014-15) (Physical Hearing) Diya Fabrics, Vs. The Ito, 1418, Kohinoor Market, Ring Road, Ward-1(2)(1), Surat. Surat – 395002. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aajfd3658A

Section 40A(3)Section 68

purchases made from the said creditor has not been treated as bogus. We note that Ld. CIT(A) has decided the issue on merit based on the evidences submitted by assessee and the material on record and therefore order passed by ld CIT(A) cannot be treated as an ex parte order, hence matter cannot be remitted back

BSAS INFOTECH LIMITED,SURAT vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE - 1(1)(1), SURAT, SURAT

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

ITA 225/SRT/2024[2015-16]Status: DisposedITAT Surat15 Jul 2025AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

purchases. Various evidences found and seized from the premises of Shri Pravin Kumar Jain and others proved the above facts. As per list available with this office, it is found that the assessee company has received accommodation entries in the form of unsecured loan amounting to Rs.50,00,000/- from the concern M/s. Vanguard Jewels Limited of Pravinkumar Jain Group

BSAS INFORTECH LIMITED, SURAT,SURAT vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1(1)(1), SURAT, SURAT

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

ITA 226/SRT/2024[2016-17]Status: DisposedITAT Surat15 Jul 2025AY 2016-17

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

purchases. Various evidences found and seized from the premises of Shri Pravin Kumar Jain and others proved the above facts. As per list available with this office, it is found that the assessee company has received accommodation entries in the form of unsecured loan amounting to Rs.50,00,000/- from the concern M/s. Vanguard Jewels Limited of Pravinkumar Jain Group

BSAS INFOTECH LIMITED,SURAT vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE -1(1)(1), SURAT

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

ITA 224/SRT/2024[2011-12]Status: DisposedITAT Surat15 Jul 2025AY 2011-12

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

purchases. Various evidences found and seized from the premises of Shri Pravin Kumar Jain and others proved the above facts. As per list available with this office, it is found that the assessee company has received accommodation entries in the form of unsecured loan amounting to Rs.50,00,000/- from the concern M/s. Vanguard Jewels Limited of Pravinkumar Jain Group

KAMAL JAYANTILAL ZAVERI,SURAT vs. INCOME TAX OFFICER, WARD-1(3)(7), SURAT

In the result, ground No.3 raised by the assessee is allowed

ITA 543/SRT/2023[2011-12]Status: DisposedITAT Surat29 Dec 2023AY 2011-12

Bench: Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.543 To 547/Srt/2023 ("नधा"रण वष" / Assessment Years: (2011-12 To 1215-16) (Physical Court Hearing) Kamal Jayantilal Zaveri Income Tax Officer, Ward B-104, Krishna Park Apartment, 1(3)(7) Surat, Aaykar Bhavan, Vs. Opp. Nutan Row House, Majura Gate, Surat-395001 Palanpur, Jakatnaka, Surat- 395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaapz 5662 K (अपीलाथ"/Assessee) (""थ" /Respondent)

Section 131Section 133ASection 143(3)Section 147Section 148

section 143(3) r.w.s 147 of the Income Tax Act, 1961. 2. Since the issue involved in all these appeals are common and identical except variance of amount, therefore these appeals have been clubbed and heard together and a consolidated order is being passed for the sake of convenience and brevity. The facts as well as grounds of appeal

KAMAL JAYANTILAL ZAVERI,SURAT vs. INCOME TAX OFFICER, WARD-1(3)(7), SURAT

In the result, ground No.3 raised by the assessee is allowed

ITA 545/SRT/2023[2013-14]Status: DisposedITAT Surat29 Dec 2023AY 2013-14

Bench: Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.543 To 547/Srt/2023 ("नधा"रण वष" / Assessment Years: (2011-12 To 1215-16) (Physical Court Hearing) Kamal Jayantilal Zaveri Income Tax Officer, Ward B-104, Krishna Park Apartment, 1(3)(7) Surat, Aaykar Bhavan, Vs. Opp. Nutan Row House, Majura Gate, Surat-395001 Palanpur, Jakatnaka, Surat- 395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaapz 5662 K (अपीलाथ"/Assessee) (""थ" /Respondent)

Section 131Section 133ASection 143(3)Section 147Section 148

section 143(3) r.w.s 147 of the Income Tax Act, 1961. 2. Since the issue involved in all these appeals are common and identical except variance of amount, therefore these appeals have been clubbed and heard together and a consolidated order is being passed for the sake of convenience and brevity. The facts as well as grounds of appeal

KAMAL JAYANTILAL ZAVERI,SURAT vs. INCOME TAX OFFICER, WARD-1(3)(7), SURAT, SURAT

In the result, ground No.3 raised by the assessee is allowed

ITA 547/SRT/2023[2015-16]Status: DisposedITAT Surat29 Dec 2023AY 2015-16

Bench: Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.543 To 547/Srt/2023 ("नधा"रण वष" / Assessment Years: (2011-12 To 1215-16) (Physical Court Hearing) Kamal Jayantilal Zaveri Income Tax Officer, Ward B-104, Krishna Park Apartment, 1(3)(7) Surat, Aaykar Bhavan, Vs. Opp. Nutan Row House, Majura Gate, Surat-395001 Palanpur, Jakatnaka, Surat- 395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaapz 5662 K (अपीलाथ"/Assessee) (""थ" /Respondent)

Section 131Section 133ASection 143(3)Section 147Section 148

section 143(3) r.w.s 147 of the Income Tax Act, 1961. 2. Since the issue involved in all these appeals are common and identical except variance of amount, therefore these appeals have been clubbed and heard together and a consolidated order is being passed for the sake of convenience and brevity. The facts as well as grounds of appeal

KAMAL JAYANTILAL ZAVERI,SURAT vs. INCOME TAX OFFICER-WARD-1(3)(7), SURAT, SURAT

In the result, ground No.3 raised by the assessee is allowed

ITA 546/SRT/2023[2014-15]Status: DisposedITAT Surat29 Dec 2023AY 2014-15

Bench: Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.543 To 547/Srt/2023 ("नधा"रण वष" / Assessment Years: (2011-12 To 1215-16) (Physical Court Hearing) Kamal Jayantilal Zaveri Income Tax Officer, Ward B-104, Krishna Park Apartment, 1(3)(7) Surat, Aaykar Bhavan, Vs. Opp. Nutan Row House, Majura Gate, Surat-395001 Palanpur, Jakatnaka, Surat- 395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaapz 5662 K (अपीलाथ"/Assessee) (""थ" /Respondent)

Section 131Section 133ASection 143(3)Section 147Section 148

section 143(3) r.w.s 147 of the Income Tax Act, 1961. 2. Since the issue involved in all these appeals are common and identical except variance of amount, therefore these appeals have been clubbed and heard together and a consolidated order is being passed for the sake of convenience and brevity. The facts as well as grounds of appeal

KAMAL JAYANTILAL ZAVERI,SURAT vs. INCOME TAX OFFICER, WARD-1(3)(7), , SURAT

In the result, ground No.3 raised by the assessee is allowed

ITA 544/SRT/2023[2012-13]Status: DisposedITAT Surat29 Dec 2023AY 2012-13

Bench: Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.543 To 547/Srt/2023 ("नधा"रण वष" / Assessment Years: (2011-12 To 1215-16) (Physical Court Hearing) Kamal Jayantilal Zaveri Income Tax Officer, Ward B-104, Krishna Park Apartment, 1(3)(7) Surat, Aaykar Bhavan, Vs. Opp. Nutan Row House, Majura Gate, Surat-395001 Palanpur, Jakatnaka, Surat- 395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaapz 5662 K (अपीलाथ"/Assessee) (""थ" /Respondent)

Section 131Section 133ASection 143(3)Section 147Section 148

section 143(3) r.w.s 147 of the Income Tax Act, 1961. 2. Since the issue involved in all these appeals are common and identical except variance of amount, therefore these appeals have been clubbed and heard together and a consolidated order is being passed for the sake of convenience and brevity. The facts as well as grounds of appeal

CHANDULAL A.SHAH(HUF),SURAT vs. THE ITO, WARD-3(3)(1),, SURAT

In the result, the appeal of the assessee, Ind for A

ITA 83/SRT/2017[2000-01]Status: DisposedITAT Surat04 May 2020AY 2000-01

Bench: Shri Sandeep Gosain & Shri O.P.Meenaआ.अ.सं././././I.T.A Nos.83 & 84/Srt/2017 िनधा"रणवष"/Assessment Years: 2000-01 & 2004-05 1.Chandulal Amrutlal Shah (Huf), V. Income Tax Officer, Bunglow No.74, Saifee Society, Ward-3(3)(1), Surat. L.H. Road, Surat-395 006. [Pan: Aaahc 8116 R] 2.Chandulal Amrutlal Shah, V. Income Tax Officer, Bunglow No.74, Saifee Society, Ward-3(3)(1), Surat. L.H. Road, Surat-395 006. [Pan: Adaps 5844 F] अपीलाथ" / Appellant ""थ"/Respondent

Section 147Section 148

251 totaling to Rs. 4,80,992 not shown in the balance sheet for the period under consideration, hence, same was treated as unexplained expenditure under section 69 of the Act. 27. In appeal, CIT (A) has confirmed the same. Chandulal A Shah (HUF) v. ITO, Ward-3(3)(1),Surat/ITA. 83 & 84/SRT/2017/A.Y.2000-01 & 2004-05 Page

VITRAG PRINTS,SURAT vs. NFAC, DELHI

In the result, appeal filed by the assessee is allowed for statistical purposes in above terms

ITA 338/SRT/2023[2015-16]Status: DisposedITAT Surat14 Dec 2023AY 2015-16

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.338/Srt/2023 Assessment Year: (2015-16) (Physical Hearing) Vitrag Prints, Vs. The Acit (Osd), K-2619 To 2622, Millenium Ward -1(2)(5), Textile Market Ring Road, Surat. Surat - 395002 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aalfv5612L (Appellant) (Respondent) Appellant By Shri Jaykishan Goel, Ca Shri Vinod Kumar, Sr. Dr Respondent By 22/09/2023 Date Of Hearing Date Of Pronouncement 14/12/2023

Section 133(6)Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 145(3)Section 40A(2)(b)

purchase, etc., for verification in spite of being provided with ample time to reconcile - Whether, on facts, assessee had failed to discharge onus cast on him to substantiate his claim and, therefore, impugned addition made by authorities below was to be upheld - Held, yes". This case is Affirmed in [2019] 101 taxmann.com 164 (Karnataka). 5. Considering the facts

ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, SURAT vs. M/S. DAGINA JEWELLERS PVT. LTD., , SURAT

In the result, grounds Nos

ITA 312/SRT/2022[2015-16]Status: DisposedITAT Surat27 Apr 2023AY 2015-16

Bench: Shri Pawan Singh, Hon'Ble & Dr. Arjun Lal Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Kiran K. Shah, CAFor Respondent: Shri Ashok B. Koli, CIT(DR) and Shri Vinod Kumar, Sr. DR
Section 143(3)

Sections 68 and 69 are not applicable for trading transactions like deposit of cash out of cash sales and excess closing stock. For that reliance can be placed on the judgment of Hon`ble Gujarat High Court in the case of Shilpa Dyeing & Printing Mills Ltd, Tax Appeal No. 290 of 2013, dated 04.04.2013. Therefore, we direct the Assessing Officer

DAGINA JEWELLERS INDIA (P) LTD,SURAT vs. ACIT, CENTRAL CIRCLE-2, SURAT

In the result, grounds Nos

ITA 306/SRT/2022[2016-17]Status: DisposedITAT Surat27 Apr 2023AY 2016-17

Bench: Shri Pawan Singh, Hon'Ble & Dr. Arjun Lal Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Kiran K. Shah, CAFor Respondent: Shri Ashok B. Koli, CIT(DR) and Shri Vinod Kumar, Sr. DR
Section 143(3)

Sections 68 and 69 are not applicable for trading transactions like deposit of cash out of cash sales and excess closing stock. For that reliance can be placed on the judgment of Hon`ble Gujarat High Court in the case of Shilpa Dyeing & Printing Mills Ltd, Tax Appeal No. 290 of 2013, dated 04.04.2013. Therefore, we direct the Assessing Officer

DAGINA JEWELLERS INDIA (P) LTD,SURAT vs. ACIT, CENTRAL CIRCLE-2, SURAT

In the result, grounds Nos

ITA 305/SRT/2022[2015-16]Status: DisposedITAT Surat27 Apr 2023AY 2015-16

Bench: Shri Pawan Singh, Hon'Ble & Dr. Arjun Lal Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Kiran K. Shah, CAFor Respondent: Shri Ashok B. Koli, CIT(DR) and Shri Vinod Kumar, Sr. DR
Section 143(3)

Sections 68 and 69 are not applicable for trading transactions like deposit of cash out of cash sales and excess closing stock. For that reliance can be placed on the judgment of Hon`ble Gujarat High Court in the case of Shilpa Dyeing & Printing Mills Ltd, Tax Appeal No. 290 of 2013, dated 04.04.2013. Therefore, we direct the Assessing Officer

DAGINA JEWELLERS INDIA (P) LTD,SURAT vs. ACIT, CENTRAL CIRCLE-2, SURAT

In the result, grounds Nos

ITA 304/SRT/2022[2014-15]Status: DisposedITAT Surat27 Apr 2023AY 2014-15

Bench: Shri Pawan Singh, Hon'Ble & Dr. Arjun Lal Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Kiran K. Shah, CAFor Respondent: Shri Ashok B. Koli, CIT(DR) and Shri Vinod Kumar, Sr. DR
Section 143(3)

Sections 68 and 69 are not applicable for trading transactions like deposit of cash out of cash sales and excess closing stock. For that reliance can be placed on the judgment of Hon`ble Gujarat High Court in the case of Shilpa Dyeing & Printing Mills Ltd, Tax Appeal No. 290 of 2013, dated 04.04.2013. Therefore, we direct the Assessing Officer