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Section 143(3)12 Survey u/s 133A6 Section 2635 Capital Gains5 Long Term Capital Gains5 Penny Stock5 Revision u/s 2635 Section 69A2 Addition to Income

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. SHRI GANESH PRASAD,, VARANASI

The appeal of the Revenue is allowed for statistical purposes

ITA 138/VNS/2020[2017-2018]Status: DisposedITAT Varanasi07 Feb 2023AY 2017-2018

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2017-18 The Deputy Commissioner Of Income - Mr. Ganesh Prasad, Tax, V. S-6/108, Golghar Katchhari, Circle-1, Aayakarbhawan, Varanasi-221002, U.P. Maqboolalam Road Varanasi-221002, U.P.

For Appellant: Shri Subash Chand Adv. & Sh. Ashutosh BhardwajFor Respondent: Shri A.K. Singh, Sr. DR

Section 142(1)Section 143(2)Section 143(3)Section 69A

2,02,50,000 by backdated bogus cash sales entries. 9. Though the assessee had credited it as sales which through bogus sales, was offered to taxation. The assessee by doing so has escaped higher taxation and penalty as per section 69Aof the Act and penalty thereof. The assessee has further enjoyed the advantage of debiting the purchases

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. SHRI GANESH PRASAD,, VARANASI

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. SHRI GANESH PRASAD,, VARANASI

SARVESH KUMAR AGARWAL HUF,VARANASI vs. PCIT,, VARANASI

VISHAL KANODIA,VARANASI vs. PCIT,, VARANASI

ANJU JHUNJHUNWALA,VARANASI vs. PCIT, VARANASI

VINOD KUMAR SARAF HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

GOPI KRISHNA VINOD KUMAR HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. M/S RATANDEEP GOLD & DIAMOND PVT. LTD., CHANDAULI