Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

COMMISSIONER OF INCOME TAX-I Versus YOGESHWAR SPINTEX INDUSTRIES

2015 (9) TMI 911 - GUJARAT HIGH COURT

Additions made on account of bogus purchases - ITAT confirming the order passed by CIT(A) restricting the additions - Held that:- Perused the orders passed by the CIT (Appeals) as the the ITAT and the ratio laid down by the division bench of this Cou .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

called bogus purchase and considering the above, we are of the opinion that the present appeal is meritless and accordingly is dismissed. - Decided against revenue. - TAX APPEAL NO. 1761 of 2009 - Dated:- 21-7-2015 - MR. A.J.DESAI AND MR. A.G.URAIZEE .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

by the Commissioner of Income Tax (Appeals)VII, Ahmedabad (herein after referred to as 'the CIT (Appeals)' for short) in CIT Appeal No. CIT(A)VII/ Wd.3(4)/60/042005 as well as the order dated 30.01.2009 passed by the Income Tax Appellate Trib .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ed return for the assessment year 199697 declaring his total income at ₹ 17,970/. The Assessing Officer issued notice under Section 148 of the Incometax Act, 1961. After hearing the concerned parties, the Assessing Officer came to the conclusio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s) and contended that the assessee made payment by way of cheques and therefore there is no question of making false entries in the books of account with regard to the purchase. The CIT (Appeals), by relying upon the decision in case of Vijay Protein .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

said decision came to be confirmed by the ITAT. Hence, this appeal. 3. At the time of admission of the present appeal, the following question was framed as substantial question of law. Whether the Appellate Tribunal is right in law and on facts in c .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version