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2 results for “bogus purchases”+ Section 131(1)clear

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Key Topics

Section 1002Addition to Income2

Commissioner of Income Tax vs. Sri Chirla Rama Reddy, Contract

Appeal is dismissed with costs

ITTA/70/2007HC Telangana23 Mar 2016

Bench: The Hon’Ble Mr. Justice N.K.Sudhindrarao R.S.A.No.70/2007

Section 100

Sections 73, 74 and 75 49 of the Indian Registration Act, indicate the formalities. 49. When the execution is denied by the seller after completing formalities of execution, the Sub- Registrar would get authority to admit the execution. The purchaser has a right to present the document for compulsory registration. In this case, it was not the case of refusing

The Commissioner of Income Tax-III, vs. M/S V.J.Equipment Limited,

ITTA/305/2008HC Telangana02 Feb 2012

Bench: Charging The Interest U/S 234B & 234C Of The It Act?” 3. The Brief Facts Of The Case Are That The Assessee Firm Is Engaged In The Business Of Precious & Semi Precious Stones & It Is A 100% Exporter. During The

Section 145(3)
Section 234B
Section 69C

1) Whether in the facts and circumstances of the case the ITAT has not acted perversely in deleting the additions without apprechating the proviso to Section 69C and CBDT's circular dated 23.12.1998? 2) Whether in the facts and circumstances of the case, the ITAT has not acted perversely in relying the books of accounts when the same were rejected