2017 (9) TMI 1640

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....d Mr. Gaurav Gaur For the Respondent: N.L. Agarwal with Mr. S. L. Poddar   Judgment 1. In all these appeals since identical questions of law and facts are involved, they are decided by this common judgment. 2. By way of these appeals, the appellant has challenged the judgment and order of the Tribunal whereby the Tribunal has allowed the appeal of the assessee. 3. This court....

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.... "Whether the ITAT order is perverse in deleting the entire trading addition of Rs. 5,12,77,217/ignoring admitted facts in the statement of Shri Khushi Kumar Ameriya (Director) u/s 132(4) of the IT Act as well as the evidences gathered during search confirming bogus purchase bills obtained?" 4. D.B. Income Tax Appeal No. 128/2014 "Whether the ITAT order is perverse in deleting ....

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....ills without supplying the goods mentioned in the bills. After search (20.05.2009) the case of the assesssee was centralized with ACIT, Central Circle-1, Jaipur, who issued notice under Section-153A to the assessee company on 23.09.2009. In response the return was filed on 28.04.2011, declaring income of Rs. 17,86,470. Assessment was completed at Rs. 98,87,157 through order dated 23.08.2011 passed....

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....o the assessee but where it is less than 12 per cent, the income will be assessed on the basis of 12 per cent GP. 08. In view of above, all the appeals stand allowed to the aforesaid extent. ============= Document 1 A.Y. 2004-05 2005-06 2006-07 2007-08 2008- 2009-10 09 2009-10 2010-11 unaudite Sales 198490 1426903 5466428 6874979 4 Stock Dif. 14465....