Taxcharcha
Income TaxRecent Case Laws

Where the assessing officer made certain additions on the basis of the information provided by DGIT (Inv.) , Mumbai, the same holds valid- ITAT Mumbai

M/S ADMACH AUTO LIMITED, ITA NO. 9543/DEL/2019

 

 

[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/03/ITAT-Mumbai.odt” comments=”true” SVG=”true”]

Since the information is provided by the DGIT(Inv) , Mumbai and the proceedings of escapement of income initiated on the basis of the same, the disallowance made due to bogus purchases and the proceedings hold valid.

To download, ITA 5078 OF RISHABH

Related posts

GST Concept & Status as on 01.12.2018 – CBIC

Team Taxcharcha

It is an undisputed fact that during the year the assessee did not earn any exempt income. The Hon’ble High Court of Delhi in the case of CHEM Invest Pvt. Ltd. Vs. CIT (supra) has clearly held that if there is no exempt income no disallowance can be made.- ITAT Delhi

Team Taxcharcha

Karnataka AAR – Anil Kumar Agrawal – Executive Director Salary exempt from GST

Team Taxcharcha