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7 results for “bogus purchases”+ Section 2(22)(e)clear

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Key Topics

Section 143(3)12Survey u/s 133A6Section 2635Capital Gains5Long Term Capital Gains5Penny Stock5Revision u/s 2635Section 69A2Addition 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

E R PER SHRI RAMIT KOCHAR, ACCOUNTANT MEMBER: This appeal, filed by Revenue, being ITA No.138/VNS/2020, is directed against the appellate order dated 08.09.2020 passed by learned Commissioner of Income Tax(Appeals), Varanasi(hereinafter called "the CIT(A)”) in Appeal No. CIT(A), Varanasi/10401/2019-20/71, for assessment year (ay): 2017-18, the appellate proceedings had arisen before Learned CIT(A) from

2

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

ITA 136/VNS/2020[2017-2018]Status: DisposedITAT Varanasi03 Feb 2023AY 2017-2018

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2017-18 The Deputy Commissioner M/S Ratandeep Gold & Diamond Of Income Tax, V. Pvt. Ltd. Circle-1, M A Road, 19, New Mohal, Varanasi-211001, U.P. Near Balika Inter College, Mugalsarai, Chandauli- 232101, U.P. Pan:Aahcr4764Q (Appellant) (Respondent) C.O. No. 02/Vns/2021 (Arising Out Of Ita No. 136/Vns/2020) Assessment Year: 2017-18 M/S Ratandeep Gold & The Deputy Commissioner Of Diamond Pvt. Ltd. V. Income Tax,Circle-1, M.A. Road 19, New Mohal, Varanasi-211001, U.P. Near Balika Inter College, Mugalsarai, Chandauli- 232101, U.P.

For Appellant: Shri Shishir Bajpai, CAFor Respondent: Shri Amalendu Nath Mishra, CIT DR
Section 143(3)Section 69A

e) Dismissal of SLP by Hon’ble Supreme Court in the case of PCIT v. B G Shrike Construction Technology Private Limited (2019) 265 taxman 543(SC) The Ld. Counsel for the assessee submitted that the Department has no evidence of the assessee investing Rs. 60 lacs in the furniture and fixture including decoration and furnishing of showroom

VISHAL KANODIA,VARANASI vs. PCIT,, VARANASI

In the result, appeal of the assessee is allowed

ITA 85/VNS/2019[2014-2015]Status: DisposedITAT Varanasi07 Dec 2023AY 2014-2015
Section 143(3)Section 263

E R PER AMIT SHUKLA (J.M): In these bunch of appeals of different appellants for assessment years 2014-15 & 2015-16, the appellants have challenged separate impugned orders passed by ld. PCIT, Varanasi in his revisionary jurisdiction u/s. 263, cancelling the assessment orders passed u/s 143(3), holding to be erroneous and prejudicial to the interest of the Revenue

ANJU JHUNJHUNWALA,VARANASI vs. PCIT, VARANASI

In the result, appeal of the assessee is allowed

ITA 198/VNS/2019[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

E R PER AMIT SHUKLA (J.M): In these bunch of appeals of different appellants for assessment years 2014-15 & 2015-16, the appellants have challenged separate impugned orders passed by ld. PCIT, Varanasi in his revisionary jurisdiction u/s. 263, cancelling the assessment orders passed u/s 143(3), holding to be erroneous and prejudicial to the interest of the Revenue

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

In the result, appeal of the assessee is allowed

ITA 112/VNS/2020[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

E R PER AMIT SHUKLA (J.M): In these bunch of appeals of different appellants for assessment years 2014-15 & 2015-16, the appellants have challenged separate impugned orders passed by ld. PCIT, Varanasi in his revisionary jurisdiction u/s. 263, cancelling the assessment orders passed u/s 143(3), holding to be erroneous and prejudicial to the interest of the Revenue

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

In the result, appeal of the assessee is allowed

ITA 111/VNS/2020[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

E R PER AMIT SHUKLA (J.M): In these bunch of appeals of different appellants for assessment years 2014-15 & 2015-16, the appellants have challenged separate impugned orders passed by ld. PCIT, Varanasi in his revisionary jurisdiction u/s. 263, cancelling the assessment orders passed u/s 143(3), holding to be erroneous and prejudicial to the interest of the Revenue

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

In the result, appeal of the assessee is allowed

ITA 252/VNS/2019[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

E R PER AMIT SHUKLA (J.M): In these bunch of appeals of different appellants for assessment years 2014-15 & 2015-16, the appellants have challenged separate impugned orders passed by ld. PCIT, Varanasi in his revisionary jurisdiction u/s. 263, cancelling the assessment orders passed u/s 143(3), holding to be erroneous and prejudicial to the interest of the Revenue