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COMMISSIONER OF INCOME TAX-I Versus YOGESHWAR SPINTEX INDUSTRIES

2015 (9) TMI 912 - 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 .....

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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. 1760 of 2009 - Dated:- 21-7-2015 - MR. A.J.DESAI AND MR. A.G.URAIZEE .....

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as challenged the order dated 30.01.2004 passed 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)/49/032004 as well as the order dated 30 .....

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the case are as under: 2.1 That the assessee filed return on 20.10.1995 for the assessment year 199596 declaring his total income at ₹ 26,580/. The Assessing Officer issued notice under Section 148 of the Incometax Act, 1961. After hearing the .....

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decision was challenged by the assessee by filing CIT (Appeals) 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 (A .....

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chase value and not on the entire socalled bogus purchase. The 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. Wh .....

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