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2 results for “bogus purchases”+ Section 132(1)clear

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Key Topics

Section 260A2Section 1322Section 5A2Section 32Addition to Income2

Principal Commissioner of Income Tax vs. Sri Nama Nageshwar Rao

ITTA/23/2021HC Telangana09 Oct 2023

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

Section 132Section 132(4)Section 153ASection 260A

1. The present appeals under Section 260A of the Income Tax Act [hereinafter referred to as the ‘Act’] are directed against the common order dated 30th July, 2019 [hereinafter referred to as the ‘impugned order’] passed by the Income Tax Appellate Tribunal [hereinafter referred to as the ‘ITAT’] in ITA 5947/Del./2018, ITA No. 4723/Del./2018, ITA No. 5954/Del./2018

Commissioner of Income Tax-II vs. Hycons Infrastructure (India) Ltd.

The appeals are dismissed

ITTA/411/2013HC Telangana
25 Sept 2013
Section 3Section 3(3)Section 5ASection 5A(1)

bogus purchase to maximize payment of duty in cash. In fact, when other units in the country avails CENVAT Credit o f say 68% of total duty (32% in PLA), there cannot be any plausible reasons to a vail credit to say 24% (76% in PLA) by units in these areas. This analysis clear ly brings out a fact that