ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR vs. THE MAHABIR JUTE MILLS LIMITED, GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

carrying on purchase operations of raw materials from Farbesganj. The assessee has maintained certain subsidiary books at that place, viz., Purchase memos, Satti Bahi (Purchase register), Cash book, consolidated ledger. The assessee explained the modus operandi adopted in recording transactions of purchases in the above said registers. The sum 7 The Mahabir Jute Mills Ltd A.Ys

THE MAHABIR JUTE MILLS LIMITED,GORAKHPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

carrying on purchase operations of raw materials from Farbesganj. The assessee has maintained certain subsidiary books at that place, viz., Purchase memos, Satti Bahi (Purchase register), Cash book, consolidated ledger. The assessee explained the modus operandi adopted in recording transactions of purchases in the above said registers. The sum 7 The Mahabir Jute Mills Ltd A.Ys

THE MAHABIR JUTE MILLS LTD.,GORAKHPUR vs. ASST. DIRECTOR OF INCOME TAX, CPC, BENGALURU

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

carrying on purchase operations of raw materials from Farbesganj. The assessee has maintained certain subsidiary books at that place, viz., Purchase memos, Satti Bahi (Purchase register), Cash book, consolidated ledger. The assessee explained the modus operandi adopted in recording transactions of purchases in the above said registers. The sum 7 The Mahabir Jute Mills Ltd A.Ys

DCIT,, GORAKHPUR vs. M/S MAHABIR JITE MILLS, LTD., GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

carrying on purchase operations of raw materials from Farbesganj. The assessee has maintained certain subsidiary books at that place, viz., Purchase memos, Satti Bahi (Purchase register), Cash book, consolidated ledger. The assessee explained the modus operandi adopted in recording transactions of purchases in the above said registers. The sum 7 The Mahabir Jute Mills Ltd A.Ys

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

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.

depreciation of Rs. 5,70,537/-). Hence, the remaining AY:2017-18 DCIT , Circle-1, Varanasi , U.P. v. M/s. Ratandeep Gold & Diamond Pvt. Ltd.,Chandauli,U.P. expenses debited after date of survey viz. 05.10.2017 were disallowed by the AO amounting to Rs. 11,43,949/- as unexplained expenses u/s 69C. 3c. The AO further observed that the assessee has made