Search: bogus purchases

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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

section 69Aof the Act and penalty thereof. The assessee has further enjoyed the advantage of debiting the purchases and expenses against the bogus sale. The assessee has declared cash sale during the F.Y. 2016-17 as under: Month Cash Sales 7 Assessment Year: 2017-18 DCIT, Circle-1, Varanasi v. Mr. Ganesh Prasad, Varanasi April

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

ANJU JHUNJHUNWALA,VARANASI vs. PCIT, VARANASI

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

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

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

VISHAL KANODIA,VARANASI vs. PCIT,, VARANASI

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