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6 results for “bogus purchases”+ Set Off of Lossesclear

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Key Topics

Section 143(3)11Survey u/s 133A6Section 2635Capital Gains5Long Term Capital Gains5Penny Stock5Revision u/s 2635

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

purchased the shares offline/online. (ii) Why there is unusual price rise in the shares of M/s Kailash Auto Finance Limited, as traded from Rs. 1/-to Rs. 19.95/- 30.50/- within a short period of time? (iii) Whether you have utilized the such types of brokers who were engaged in manipulating & rigging the prices of shares in order to provide benefit

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

purchased the shares offline/online. (ii) Why there is unusual price rise in the shares of M/s Kailash Auto Finance Limited, as traded from Rs. 1/-to Rs. 19.95/- 30.50/- within a short period of time? (iii) Whether you have utilized the such types of brokers who were engaged in manipulating & rigging the prices of shares in order to provide benefit

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

purchased the shares offline/online. (ii) Why there is unusual price rise in the shares of M/s Kailash Auto Finance Limited, as traded from Rs. 1/-to Rs. 19.95/- 30.50/- within a short period of time? (iii) Whether you have utilized the such types of brokers who were engaged in manipulating & rigging the prices of shares in order to provide benefit

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

purchased the shares offline/online. (ii) Why there is unusual price rise in the shares of M/s Kailash Auto Finance Limited, as traded from Rs. 1/-to Rs. 19.95/- 30.50/- within a short period of time? (iii) Whether you have utilized the such types of brokers who were engaged in manipulating & rigging the prices of shares in order to provide benefit

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

purchased the shares offline/online. (ii) Why there is unusual price rise in the shares of M/s Kailash Auto Finance Limited, as traded from Rs. 1/-to Rs. 19.95/- 30.50/- within a short period of time? (iii) Whether you have utilized the such types of brokers who were engaged in manipulating & rigging the prices of shares in order to provide benefit

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

purchase after reconciliation with VAT return , which were entered in books at the time of finalization of accounts . It was also submitted by the assessee that there was some minor difference of Rs. 15,991/- in sales between impounded document as well audited accounts, which were also sales not recorded properly and at the time of finalization and reconciliation with