SMT. L SUDHA BALA, L/R OF LATE SRI L.NARSA REDDY,GUNTUR vs. THE DCIT, SPECIAL RANGE GUNTUR, GUNTUR

In the result, the appeals of the assessee are dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.260 & 261/Viz/2012 (धििाारण िर्ा/ Assessment Years :1984-85 & 1985-86 Respectively) L.Sudha Bala Vs. Dy.Commissioner Of L/R Of Late Sri L Narasa Reddy Income Tax Prop.Sri Venkateswara Agro Chemicals Special Range Industries Guntur 2-14-101, Syamala Nagar 2Nd Lane, Guntur [Pan : Acgpl2351P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

purchase of technical material for both the Assessment years(A.Ys) from unverifiable parties and accordingly made the additions to the total income as under : A.Y. 1984-85 (i) Addition towards bogus

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

bogus purchases and has estimated the profit @8%.\nHe further submitted that since the purchases are accounted in the books of\naccounts, profit element is already embedded in the return of income filed by\nthe assessee and hence no separate addition

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

bogus purchases and has estimated the profit @8%.\nHe further submitted that since the purchases are accounted in the books of\naccounts, profit element is already embedded in the return of income filed by\nthe assessee and hence no separate addition

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

bogus purchases and has estimated the profit @8%.\nHe further submitted that since the purchases are accounted in the books of\naccounts, profit element is already embedded in the return of income filed by\nthe assessee and hence no separate addition

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

bogus purchases and has estimated the profit @8%.\nHe further submitted that since the purchases are accounted in the books of\naccounts, profit element is already embedded in the return of income filed by\nthe assessee and hence no separate addition

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

bogus purchases and has estimated the profit @8%.\nHe further submitted that since the purchases are accounted in the books of\naccounts, profit element is already embedded in the return of income filed by\nthe assessee and hence no separate addition

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

bogus purchases and has estimated the profit @8%.\nHe further submitted that since the purchases are accounted in the books of\naccounts, profit element is already embedded in the return of income filed by\nthe assessee and hence no separate addition

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD., GUNTUR

addition on unaccounted excess sales found in\nERP data in comparing with return of income amounting to Rs.93,943/-. Ld. AO\nalso did not accept the contention of the assessee regarding the bogus purchases

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD., GUNTUR

addition on unaccounted excess sales found in\nERP data in comparing with return of income amounting to Rs.93,943/-. Ld. AO\nalso did not accept the contention of the assessee regarding the bogus purchases

DEPUTY COMMISSIONER OF INCOME TAX, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD, GUNTUR

addition on unaccounted excess sales found in\nERP data in comparing with return of income amounting to Rs.93,943/-. Ld. AO\nalso did not accept the contention of the assessee regarding the bogus purchases

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

bogus plant and machinery claimed by the assessee. Further, the Ld. AO has also made addition on account of loss on sale of fixed assets for Rs. 2,50,000/-. On being aggrieved by the above additions, the assessee preferred an appeal before the Ld. CIT(A). 29. The Ld. CIT(A), after considering the submissions made by the assessee

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

bogus plant and machinery claimed by the assessee. Further, the Ld. AO has also made addition on account of loss on sale of fixed assets for Rs. 2,50,000/-. On being aggrieved by the above additions, the assessee preferred an appeal before the Ld. CIT(A). 29. The Ld. CIT(A), after considering the submissions made by the assessee

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

bogus plant and machinery claimed by the assessee. Further, the Ld. AO has also made addition on account of loss on sale of fixed assets for Rs. 2,50,000/-. On being aggrieved by the above additions, the assessee preferred an appeal before the Ld. CIT(A). 29. The Ld. CIT(A), after considering the submissions made by the assessee

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

bogus plant and machinery claimed by the assessee. Further, the Ld. AO has also made addition on account of loss on sale of fixed assets for Rs. 2,50,000/-. On being aggrieved by the above additions, the assessee preferred an appeal before the Ld. CIT(A). 29. The Ld. CIT(A), after considering the submissions made by the assessee

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

bogus plant and machinery claimed by the assessee. Further, the Ld. AO has also made addition on account of loss on sale of fixed assets for Rs. 2,50,000/-. On being aggrieved by the above additions, the assessee preferred an appeal before the Ld. CIT(A). 29. The Ld. CIT(A), after considering the submissions made by the assessee

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT LTD, GUNTUR

addition on unaccounted excess sales found in\nERP data in comparing with return of income amounting to Rs.93,943/-. Ld. AO\nalso did not accept the contention of the assessee regarding the bogus purchases

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

additions of Rs.1,00,00,000/- ignoring the fact that during the course of search operation, a statement on oath of Sri. Rajesh G. Mehta was recorded wherein he admitted that he was only providing bogus sales and purchase bill to Vedumutha Electricals India Private Limited. various entities, and there was no actual supply of goods. He further stated that

ACIT, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

additions of Rs.1,00,00,000/- ignoring the fact that during the course of search operation, a statement on oath of Sri. Rajesh G. Mehta was recorded wherein he admitted that he was only providing bogus sales and purchase bill to Vedumutha Electricals India Private Limited. various entities, and there was no actual supply of goods. He further stated that

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

additions of Rs.1,00,00,000/- ignoring the fact that during the course of search operation, a statement on oath of Sri. Rajesh G. Mehta was recorded wherein he admitted that he was only providing bogus sales and purchase bill to Vedumutha Electricals India Private Limited. various entities, and there was no actual supply of goods. He further stated that