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

disallowed only 8% of the bogus purchases by\nestimating the profits @8% of the bogus purchases. He therefore pleaded that

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)

purchases as well as the disallowance u/s 40A(3) of the IT Act, hence, the Ld.AR’s contention that the addition was made on account of disallowance u/s 40A(3) alone is incorrect and for the sake of repetition we observe that the AO has made the addition of the same amount on account of bogus

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)

purchases as well as the disallowance u/s 40A(3) of the IT Act, hence, the Ld.AR’s contention that the addition was made on account of disallowance u/s 40A(3) alone is incorrect and for the sake of repetition we observe that the AO has made the addition of the same amount on account of bogus

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

disallowed only 8% of the bogus purchases by\nestimating the profits @8% of the bogus purchases. He therefore pleaded that

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

disallowed only 8% of the bogus purchases by\nestimating the profits @8% of the bogus purchases. He therefore pleaded that

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

disallowed only 8% of the bogus purchases by\nestimating the profits @8% of the bogus purchases. He therefore pleaded that

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

disallowance of purchases because of mis-match found in the\nregular books of accounts and compared with the data in the ERP Data base.\nLd.AR also demonstrated that in the seized material available in the paper book\nthat there is unaccounted purchase of goods and other expenditure. Various\njudicial pronouncements have held that entire bogus

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

disallowance of purchases because of mis-match found in the\nregular books of accounts and compared with the data in the ERP Data base.\nLd.AR also demonstrated that in the seized material available in the paper book\nthat there is unaccounted purchase of goods and other expenditure. Various\njudicial pronouncements have held that entire bogus

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

disallowance of purchases because of mis-match found in the\nregular books of accounts and compared with the data in the ERP Data base.\nLd.AR also demonstrated that in the seized material available in the paper book\nthat there is unaccounted purchase of goods and other expenditure. Various\njudicial pronouncements have held that entire bogus

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

disallowance of purchases because of mis-match found in the\nregular books of accounts and compared with the data in the ERP Data base.\nLd.AR also demonstrated that in the seized material available in the paper book\nthat there is unaccounted purchase of goods and other expenditure. Various\njudicial pronouncements have held that entire bogus

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 and hence, interest paid on term loan utilized for the purpose also calls for disallowance and therefore, issued a show cause notice dated 06/12/2012 requiring the assessee to show cause as to why the corresponding expenditure should not be disallowed. The assessee vide its reply submitted that even though the funds towards purchase

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 and hence, interest paid on term loan utilized for the purpose also calls for disallowance and therefore, issued a show cause notice dated 06/12/2012 requiring the assessee to show cause as to why the corresponding expenditure should not be disallowed. The assessee vide its reply submitted that even though the funds towards purchase

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 and hence, interest paid on term loan utilized for the purpose also calls for disallowance and therefore, issued a show cause notice dated 06/12/2012 requiring the assessee to show cause as to why the corresponding expenditure should not be disallowed. The assessee vide its reply submitted that even though the funds towards purchase

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 and hence, interest paid on term loan utilized for the purpose also calls for disallowance and therefore, issued a show cause notice dated 06/12/2012 requiring the assessee to show cause as to why the corresponding expenditure should not be disallowed. The assessee vide its reply submitted that even though the funds towards purchase

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 and hence, interest paid on term loan utilized for the purpose also calls for disallowance and therefore, issued a show cause notice dated 06/12/2012 requiring the assessee to show cause as to why the corresponding expenditure should not be disallowed. The assessee vide its reply submitted that even though the funds towards purchase

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:

purchase bills to various entities and there was not actual supply of goods. He also mentioned that he controlled and managed the company M/s. Aneri Fincap Ltd. which is a paper company and not doing any genuine business activity and was only engaged in providing bogus accommodation entries to various beneficiaries. 6.3 The appellant during the year has taken loan

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:

purchase bills to various entities and there was not actual supply of goods. He also mentioned that he controlled and managed the company M/s. Aneri Fincap Ltd. which is a paper company and not doing any genuine business activity and was only engaged in providing bogus accommodation entries to various beneficiaries. 6.3 The appellant during the year has taken loan

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:

purchase bills to various entities and there was not actual supply of goods. He also mentioned that he controlled and managed the company M/s. Aneri Fincap Ltd. which is a paper company and not doing any genuine business activity and was only engaged in providing bogus accommodation entries to various beneficiaries. 6.3 The appellant during the year has taken loan