TaxTMI 
TaxTMI 
2021 (2) TMI 939
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....ent framed is bad in law and de hors any incriminating material. The Ld. CIT decided without even looking to the facts of the case. The reasons cited by Ld. CIT for rejecting ground No. 3(i) & (ii) are not tenable in law. (iii) The Ld. CIT had also erred in law is confirming the disallowance of preliminary expenses of Rs. 11085/-. The conclusion drawn are perverse to record. (iv) That the Ld. CIT(A) had further erred in law to confirm the addition of Rs. 375268811/- alleged as bogus purchase without support of any cogent reason. The reason given by CIT(A) not to agree with the submission of assessee are imaginary in nature and hypothetical and has no legs to stand the test of judicial scrutiny. That the impugned order passed by Ld. C.I.T. (A) confirming additions on account of alleged bogus purchases is arbitrary, illegal and violative of principles of natural justice and the well-established principles of laws. The conclusion drawn by C.I.T. (A) and confirmed for bogus purchase is totally illegal ignoring the vital facts the goods have moved; the payment has been through Banking channel. Value Added Tax under DVAT Act, 2004 had been paid by sell....
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....business necessity. The business purpose is related to immediate requirement of assessee business of the goods dealing by assessee. (v) The Appellant craves to be allowed to add any fresh grounds of appeal and for delete or amend any of the grounds of appeal. (vi) The Ld. CIT had erred in facts and in law in not considering the ground (v) taken in the grounds of appeal in true spirit of law and facts of the case. The AO had erred in law is not reducing the taxable income of the Assessee by Rs. 92715391/- as out of Rs. 210000000/- (the alleged figure of bogus purchases as stated by assessee to such case) the AO had determined the figure of bogus purchase in this year as Rs. 117284209/- and not 21 crore. This is evident from the assessment orders of the year in question and subsequent year and as such there is perversity of facts in the CIT order and for the same reason the order is liable to be quashed and assessee be held liable to refund of tax which has been wrongly paid by assessee. (vii) The Ld. CIT(A) order confirming charging of interest under sections 234A and 234B of the Act is also illegal and against the provision of law." 5. In IT A No. 5569....
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....urring reasons in law as truth is to prevail upon in every aspect of dispute between the parties and truth is no rental income as alleged by AO and confirmed by CIT was available to assessee. (vii) The Ld. CIT(A) order confirming charging of interest under sections 234A and 234B of the Act is also illegal and against the provision of law." Disallowance of preliminary expenses: 6. Ground No. (iii) for assessment years 2008-09 to 2010-11 are not pressed by the assessee, hence do not required to adjudicate. Issue of addition on account of bogus purchases: 7. Ground No. (iv) for AY 2008-09 of Rs. 37,52,68,811/-, the AO noted that in the list of parties from whom purchases had been made, certain names were appearing who had been considered as entities not dealing in actual business but only issuing bills to accommodate various parties like the assessee company M/s Golf Technologies Pvt. Ltd. 8. From the details of purchases, transaction with following parties had been considered as bogus by the AO in view of reply of Sh. Col. H.S. Bedi in his statement recorded under section 132(4) at the time of search under section 132 of the income tax act, on 25th September, ....
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....anies/entities as above were admitted as bogus during the search operation, post search investigation and assessment proceedings. Further a simultaneous action under section 133A was also carried out at the premises of M/s Jay Enn Infotech Pvt. Lid. M/s Aadhar Technologies Pvt. Ltd., and Unique Distributers, in which it was seen that these entities were nothing but only paper entities which were providing accommodation entries by issuing bogus sales bills on account of which the so called buyer (in whose names bill is issued) could inflate its expenditure and reduce profits. Therefore, in view of statement of Sh. Col. H.S. Bedi, CMD of Tulip group and information filed in the case of M/s golf Technologies Pvt. Ltd., purchases made by the assessee company from the entities/companies as above, were held as bogus purchases for which the assessee company had no explanation to offer to the satisfaction of AO. 12. In the course of assessment proceedings in the case of M/s Jay Enn Infotech Pvt. Ltd., whose case was also centralized with AO, it had been taken to notice that the assessee was not able to furnish details of sales made by it and nor had been able to produce sales bills of i....
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....s purchase were sold to various party and sale consideration to this effect has been credited in the profit and loss account as well. The Counsel further stated that the AO has disallowed only purchases i.e. debit amount in the profit and loss account and not touched the sales credited in the profit and loss account. This contentions of the appellant is also not convincing as it cannot be verified with certainty that the items sold are not purchased from any other entity but only from these fictitious and paper entities. The appellant states that the purchases were made through banking channel and VAT paid. This is not a sound argument as these elements always exist in case of bogus purchases. When the supplier himself admitted accommodation transaction of bogus purchases and chief of appellant group company admitted this fact, where the doubt remains. Moreover, the appellant company in the A.Y.2009-10 surrendered an amount of Rs. 21,00,00,000/- on account of bogus purchases in its return of income. In view of the above I find no reason to interfere with the assessment order and the ground is thus rejected." 15. Before us, during the hearing, the ld. AR argued ....
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....ld also be disallowed, the preposition of which we are not inclined to accept. Further, it was argued that every item purchased is either sold or is in stock. The quantitative movement of all stock purchased during the year as INFLOW and OUTFLOW of the same stock when it is sold, the preposition of which we are considerate to accept. All the payments for purchases and sales are through banking channel. 20. It was argued that the observations of the revenue are wrong that the assessee has debited bogus purchases to reduce the profits, this observation is wrong and against the facts of the case as assessee has shown profit of Rs. 74,73,422/- on alleged bogus purchases. 21. On the other hand, the ld. DR vehemently argued that the assessee has been continuously in the habit of raising the bogus bills to deflate the profits and the material collected during the search & seizure operation amply proves the fact. The assessee has also surrendered a whooping amount of Rs. 75 crores only after the revenue made due enquiries and recorded the statements of alleged sellers who undisputedly agreed that no sale have been made by them. She has taken us through the entire statements recorded ....
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....e items. Hence, we are unable to accept the contention of the revenue. The appeal of the assessee on this ground is allowed. Disallowance of interest on advance to Sister concerns: Ground No. iv(a) for AY 2008-09 of Rs. 7,20,000/- 30. In the return of income filed for the assessment year 2008-09, the assessee company had debited interest amounting to Rs. 1,64,18,710/- in the profit and loss account of the financial year 2007-08. During the course of assessment proceedings, it had been taken to the balance at the end of the year out of the amount of loan raised and also made advances to sister concerns without charging interest or lower interest. 31. In the course of assessment proceedings from the details submitted, it had been perused that against payment of interest of Rs. 1,64,18,710/- the assessee company has shown receipt of interest of Rs. 17,33,333/- and for the difference in interest payments no satisfactory reply has been submitted. From the transaction recorded in the bank accounts, it was held that the assessee company transferred the funds to its sister concerns during the year and no business purpose has been indicated behind transfer of these funds to sist....
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....nds and had made or advanced sums for non business purposes without charging any interest, the presumption that would arise is that the investment had been made out of interest free funds generated or available with the assessee, is still a good law in the light of the decision of the Hon'ble Apex Court in the case of Hero Cycles Ltd. (supra). 38. The appeal of the assessee on this ground is allowed. Undisclosed rental income: Ground No. (iv) for AY 2009-10 of Rs. 9,07,943/- Ground No. (vi) for AY 2010-11 of Rs. 12,60,000/- 39. During the assessment proceedings, on going through the AS-26, the AO found that the receipts on account of rent were to the tune of Rs. 1,73,30,112/- received from M/s Tulip Telecom Ltd. and due tax has been deducted u/s 194-I of the Income Tax Act, 1961. From the computation, the AO observed that out of Rs. 1,73,30,112/- received , the assessee only an amount of Rs. 1,60,33,050/- in the P&L account and the remaining amount of Rs. 12,97,062/- has been treated as 'income from house property' on which 30% deduction u/s 24 has been allowed. 40. For the assessment year 2009-10, the assessee submitted copy of the computation of income wherein a....
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....ET (P) LTD 30-4-2007 Cr CAMELIA INFONET (P) LTD 1-5-2007 Cr Kesho Industries Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD 2-5-2007 Cr Encore Technologies (P) Ltd 3-5-2007 Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD 4-5-2007 Cr CAMELIA INFONET (P) LTD 5-5-2007 Cr Encore Technologies (P) Ltd 6-5-2007 Cr Encore Technologies (P) Ltd 7-5-2007 Cr CAMELIA INFONET (P) LTD 8-5-2007 Cr Encore Technologies (P) Ltd Cr Ms Tronic Company Ltd Cr CAMELIA INFONET (P) LTD 9-5-2007 Cr CAMELIA INFONET (P) LTD 10-5-2007 Cr Encore Technologies (P) Ltd Carried Over 1-Apr-2007 31-Mar-2008 Pag Vch Type Vch No. Debit Cre PURCHASE INVOICE 1 10,12,865.92 Journal 45,86,985.00 Journal 9 39,65,847.00 PURCHASE INVOICE 2 5,26,585.00 Journal 10 59,63,857.00 PUNASE INVOICE 7,92,800.00 PURCHASE INVOICE 4 5,27,326.00 PURCHASE INVOICE 5 9,84,200.00 Journal 14 39.65.254.00 PURCHASE INVOICE 6 4,67,730.00 Journal 15 24,65,875.00 PURCHASE KVOICE 7 6,56,366.96 Journal 17 48,57,695.00 PURCHASE INVOICE 34,80,770.0....
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.... 24 8,07,591.35 Journal 40 45,96,587.00 PURCHASE INVOICE 25 1,31,765.59 Journal 41 59,65,874,00 PURCHASE INVOICE 26 11,18,345.85 Journal 48 36,25,847.00 PURCHASE INVOICE 27 1,95,823.94 PURCHASE INVOICE 28 1,55,185.45 Purchase 3 20,12,544.00 Journal 50 43,96,524.00 Journal 51 39.65.247.00 Purchase 4 1,15,444.00 Purchase 5 4,09,700.00 PURCHASE INVOICE 29 1,27,126.92 PURCHASE INVOICE 30 18,21,938.33 Journal 55 65,95,874.00 PURCHASE INVOICE 31 2,49,355.49 PURCHASE INVOICE 32 1,99,370.47 Journal PURCHASE INVOICE 56 36,25,487.00 33 9,10,610.00 Journal PURCHASE INVOICE PURCHASE INVOICE 58 39,68,574.00 34 19,31,737.59 35 3,44,807.41 Purchase 6 5,11,250.00 Purchase T 26,56,800.00 31-5-2007 Cr Encore Technologies (P) Ltd 2-6-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INVOICE 36 9,94,177.14 PURCHASE INVOICE 37 7,98,875.00 Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD PURCHASE INVOICE 38 13,52,467.52 Journal 66 69,58,745....
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....Cr AADHAR TECHNOLOGIES PVT LTD Purchase 10 18,20,216.00 PURCHASE INVOICE PURCHASE INVOICE 58 6,56,375.00 59 6,14,750.00 PURCHASE INVOICE 60 11,55,552.04 PURCHASE INVOICE 61 7,50,000.00 PURCHASE INVOICE 62 8,61,000.00 Cr Encore Technologies (P) Ltd PURCHASE INVOICE 63 1,18,406.00 21-6-2007 Cr Encore Technologies (P) Ltd. PURCHASE INVOICE 64 2,70,615.00 22-6-2007 Cr Encore Technologies (P) Ltd PURCHASE INVOICE 65 23-6-2007 Cr CAMELIA INFONET (P) LTD Journal 2,25,163.80 78 42,56,352.00 24-6-2007 Cr TECHNOSOFT INFOSYSTEMS PVT LTD PURCHASE INVOICE 66 13,17,215.85 25-6-2007 Cr Encore Technologies (P) Ltd PURCHASE INVOICE 67 14.14.954.68 Cr CAMELIA INFONET (P) LTD Journal 79 26-6-2007 Cr Rx Infotech Pvt Ltd PURCHASE INVOCE 68 63,62,584.00 20,04,000.00 27-6-2007 Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD 28-6-2007 Cr Encore Technologies (P) Ltd Cr Unex Technology Corporation Cr CAMELIA INFONET (P) LTD Cr CAMELIA INFONET (P) LTD 29-6-2007 Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD Cr CAMELIA INFO....
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....T LTD Purchase 22 85,69,542.00 85 13,86,805.25 Cr CAMELIA INFONET (P) LTD 17-7-2007 Cr Encore Technologies (P) Ltd Purchase Purchase 23 24,85,763.00 24 21,18,214.00 18-7-2007 Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD PURCHASE INVOICE Purchase 86 4,76,163.15 20-7-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INVOICE Cr Encore Technologies (P) Ltd PURCHASE INVOICE Cr CAMELIA INFONET (P) LTD Purchase 21-7-2007 Cr Quick Link Wireless Purchase 25 76,59,857.00 87 8,19,500.00 88 16,65,667.75 26 45,86,572.00 27 3,93,400.00 22-7-2007 Cr CAMELIA INFONET (P) LTD 23-7-2007 Cr AADHAR TECHNOLOGIES PVT LTD Cr Encore Technologies (P) Ltd 24-7-2007 Cr Encore Technologies (P) Ltd 25-7-2007 Cr CAMELIA INFONET (P) LTD 26-7-2007 Cr AADHAR TECHNOLOGIES PVT LTD Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD 27-7-2007 Cr HOUSTON TECHNOLOGIES LTD Cr Unex Technology Corporation Cr CAMELIA INFONET (P) LTD 28-7-2007 Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD 29-7-2007 Cr CAMELIA INFONET (P) LTD 30-7-2007 Cr Encore Technologies (P) Ltd. 31-....
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....(P) Ltd 14-8-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INVOICE PURCHASE INVOICE 114 43 36,25,847.00 113 3,53,934.10 8,79,600.00 Carried Over 46,10,38,029.37 continued. LF TECHNOLOGIES (P) LTD PURCHASE 4% Ledger Account: 1-Apr-2007 to 31-Mar-2008 Date Particulars Vch Type Vch No. Pag Debit Cn Brought Forward 14-8-2007 Cr Encore Technologies (P) Ltd Cr Encore Technologies (P) Ltd 15-8-2007 Cr CAMELIA INFONET (P) LTD PURCHASE INVOICE Purchase Purchase 16-8-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INICICE Cr Encore Technologies (P) Ltd 17-8-2007 Cr CAMELIA INFONET (P) LTD 18-8-2007 Cr Encore Technologies (P) Ltd. 19-8-2007 Cr CAMELIA INFONET (P) LTD 20-8-2007 Cr Encore Technologies (P) Ltd 21-8-2007 Cr CAMELIA INFONET (P) LTD 22-8-2007 Cr CAMELIA INFONET (P) LTD 23-8-2007 Cr Encore Technologies (P) Ltd 24-8-2007 Cr CAMELIA INFONET (P) LTD 25-8-2007 Cr Encore Technologies (P) Ltd 27-8-2007 Cr CAMELIA INFONET (P) LTD 28-8-2007 Cr Dbil Networks Ltd Cr CAMELIA INFONET (P) LTD 29-8-2007 Cr Encore Technologies (P) Ltd 30-8-2007 Cr CAMELIA INFONET (P) LTD ....
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....37 28,34,826.92 138 12,62,114.00 Cr STANDARED INFOWAYS PVT LTD Cr CAMELIA INFONET (P) LTD 16-9-2007 Cr PEARLS INFOSOFT PVT LTD 17-9-2007 Cr AADHAR TECHNOLOGIES PVT LTD Cr LIFE TIME INFOWAYS (P) LTD Cr STANDARED INFOWAYS PVT LTD Cr CAMELIA INFONET (P) LTD 18-9-2007 Cr RSR NETWORKS PVT LTD Carried Over 64 47,93,624.00 PURCHASE INVOICE Purchase PURCHASE INVOICE 139 12,62,186.00 140 51,72,750.00 PURCHASE INVOICE 141 12,89,000.00 PURCHASE INVOICE PURCHASE INVOICE Purchase PURCHASE MVOICE 142 15,03,970.00 143 25,06,618.00 65 25,93,648.00 144 24,70,000.00 61,36,26,276.26 AAAAAA Document 2 DLF TECHNOLOGIES (P) LTD PURCHASE 4% Ledger Account : 1-Apr-2007 to 31-Mar-2008 Pa Date Particulars Vch Type Vch No. Debit Cr Brought Forward 61,36,26,276.26 18-9-2007 Cr HITECH INFOTECH & POWER SOLUTIONS Cr TECHNET INFOSYSTEM PVT LTD PURCHASE INVOICE 145 72,08,000.00 PURCHASE MVOICE 146 25,42,457.00 Cr LIFE TIME INFOWAYS (P) LTD Cr LIFE TIME INFOWAYS (P) LTD 19-9-2007 Cr RSR NETWORKS PVT LTD Cr Mikrotikls SIA Cr CAMELIA INFONET (P) LTD 21-....
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....p Set Solutions Pvt Ltd Cr Chip Set Solutions Pvt Ltd Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 169 15,03,970.00 PURCHASE INICICE 170 19,53,250.00 Purchase 73 56,95,872.00 PURCHASE INVOICE 171 18,43,832.00 PURCHASE INVOICE 172 80,13,574.00 PURCHASE INVOICE 173 28,23,691.00 PURCHASE INVOICE 174 71,49,625.00 Purchase 74 10,50,000.00 Purchase 75 65,95,873.00 PURCHASE INVOICE 175 65,16,555.00 PURCHASE INVOICE 176 64,51,500.00 Purchase 76 78,56,954.00 PURCHASE INVOICE 177 10,25,000,00 PURCHASE INVOICE 178 14,94,000.00 PURCHASE INVOICE 179 10,50,000.00 Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 23,10,000.00 Cr RSR NETWORKS PVT LTD PURCHASE INVOICE 181 45,60,125.00 Cr TECHNET INFOSYSTEM PVT LTD PURCHASE INVOICE 182 34,97,407.00 Cr PIOUS E.N.V TECHNOLOGY PVT LTD PURCHASE INVOICE 183 48.07,559.00 Cr JAY ENN INFOTECH PVT LTD Cr HITECH INFOTECH & POWER SOLUTIONS PURCHASE MVOICE PURCHASE INVOICE 184 85,98,247.00 185 14,32,636.00 Carried Over 81,78,50,724.61 continued 7 ....
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....ORKS PVT LTD PURCHASE INVOICE 212 45,90,110.00 Cr TECHNOSOFT INFOSYSTEMS PVT LTD Cr CAMELIA INFONET (P) LTD PURCHASE INVOICE 213 59,92,559.00 Journal 143 45,96,587.00 7-10-2007 Cr WILSON ELECTRO PRODUCTS PURCHASE INVOICE 214 12,10,620.00 8-10-2007 Cr AADHAR TECHNOLOGIES PVT LTD Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 215 14,10,600.00 PURCHASE INVOICE 216 24,75,000.00 Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 217 8,25,000.00 Cr RSR NETWORKS PVT LTD Cr PIOUS E.N.V TECHNOLOGY PVT LTD PURCHASE INVOICE 218 46,82,581.00 PURCHASE INVOICE 219 96,15,544.00 Cr Easel Softech Pvt Ltd PURCHASE INVOICE 220 Cr Unex Technology Corporation IMPORT PURCHASE 1 9-10-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INVOICE 221 1,44,24,565.00 9,45,180.00 17,05,000.00 Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 222 16,60,000.00 Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 223 9,75,000.00 Cr RSR NETWORKS PVT LTD PURCHASE INVOICE 224 53,54,845.00 Cr PIOUS E.N.V TECHNOLOGY PVT LTD PURCHASE INVOICE 225 96,30,05....
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....Chip Set Solutions Pvt Ltd 18-10-2007 Cr TONZE TECHNOLOGY COMPAY PURCHASE INVOICE Purchase 249 25,89,750.00 250 74,54,308.00 79 20,314.19 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INVOICE 251 16,75,750.00 Cr Chip Set Solutions Pvt Ltd Cr LIFE TIME INFOWAYS (P) LTD PURCHASE INVOICE PURCHASE INVOICE 252 253 77,25,439.00 12,02,526.00 Cr CAMELIA INFONET (P) LTD Journal 151 96,52,487.00 20-10-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INVOICE 254 12,32,200.00 Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 255 72,27,495.00 22-10-2007 Cr Chip Set Solutions Pvt Ltd PURCHASE INVOICE 256 62,22,106.00 Cr CAMELIA INFONET (P) LTD Journal 155 65,85,475.00 23-10-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE INVOICE Cr Chip Set Solutions Pvt Ltd Cr CAMELIA INFONET (P) LTD 24-10-2007 Cr Chip Set Solutions Pvt Ltd Cr Dbii Networks Ltd Cr CAMELIA INFONET (P) LTD 25-10-2007 Cr AADHAR TECHNOLOGIES PVT LTD Cr CAMELIA INFONET (P) LTD 26-10-2007 Cr Chip Set Solutions Pvt Ltd 27-10-2007 Cr AADHAR TECHNOLOGIES PVT LTD PURCHASE VOCE PURCHASE INVOICE Journal PURC....
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....SIA Journal Purchase 202 48,57,695.00 Cr CAMELIA INFONET (P) LTD 28-11-2007 Cr WILSON ELECTRO PRODUCTS Journal PURCHASE INVOICE 87 57,64,680.00 204 69,58,745.00 267 8,18,380.00 205 24,65,385.00 Cr CAMELIA INFONET (P) LTD Journal Cr CAMELIA INFONET (P) LTD Journal 206 39,65,247.00 30-11-2007 Cr CAMELIA INFONET (P) LTD Journal 209 69,58,547.00 1-12-2007 Cr CAMELIA INFONET (P) LTD Journal 210 39,65,254.00 3-12-2007 Cr M.S. Enterprises Cr Bar Code India Limited. Purchase Purchase 88 90,720.00 89 7,790.00 Cr Motto Softech Pvt Ltd PURCHASE INVOICE 268 21,20,534.00 Cr CAMELIA INFONET (P) LTD Journal 211 58,69,574.00 90 64,756.25 213 39,65,254.00 Purchase 91 60,800.00 Journal Journal 216 58,69,574.00 4-12-2007 Cr ASIA RF LTD 5-12-2007 Cr CAMELIA INFONET (P) LTD 7-12-2007 Cr GIGA SOLUTION LIMITED Cr CAMELIA INFONET (P) LTD 8-12-2007 Cr CAMELIA INFONET (P) LTD 10-12-2007 Cr PEARLS INFOSOFT PVT LTD Cr Encore Technologies (P) Ltd Cr CAMELIA INFONET (P) LTD 11-12-2007 Cr CASTLE ELECTRONICE CO LTD Cr CAMELIA INFONET (P) L....
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....and Enterprises 21-1-2008 Cr CAMELIA INFONET (P) LTD Purchase Purchase PURCHASE INVOICE 102 48,57,654.00 Purchase 103 56.95,847.00 Purchase 104 20,14,210.00 105 45,69,587.00 Purchase 108 42,67,750.00 Purchase 107 25,46,687.00 Purchase 103 9,43,050.00 22-1-2008 Cr VICTOR COMPUSOFT PVT LTD 23-1-2008 C CAMELIA INFONET (P) LTD 26-1-2008 Cr CAMELIA INFONET (P) LTD Cr CAMELIA INFONET (P) LTD 28-1-2008 Cr CAMELIA INFONET (P) LTD 29-1-2008 Cr CAMELIA INFONET (P) LTD Purchase Purchase 109 23,65,854.00 276 40,37,725.00 110 58,24,756.00 111 36.25.847.00 112 48,57,654.00 113 45,69,587.00 Purchase PURCHASE INVOICE Purchase Purchase continued 10 Purchase 30-1-2008 Cr CAMELIA INFONET (P) LTD Purchase 114 25,46,587.00 115 45,69,587.00 31-1-2008 Cr Dbii Networks L Purchase 116 16,07,850.00 Cr Dbii Networks Ltd Purchase 117 2,28,275.00 Cr CAMELIA INFONET (P) LTD Purchase 118 25,46,587.00 Cr CAMELIA INFONET (P) LTD Purchase 119 57,65,324.00 Purchase PURCHASE INVOICE Purchase Cr CAMELIA INFONET (P) LTD 1-2-2008 Cr SATYA S....
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....TOR COMPUSOFT PVT LTD Cr CAMELIA INFONET (P) LTD 5-3-2008 Cr Motto Softech Pvt Ltd Cr SATYA SALES CORPORATION Cr STANDARED INFOWAYS PVT LTD Cr CAMELIA INFONET (P) LTD 7-3-2008 Cr VICTOR COMPUSOFT PVT LTD Cr CAMELIA INFONET (P) LTD 8-3-2008 Cr SATYA SALES CORPORATION 10-3-2008 Cr VICTOR COMPUSOFT PVT LTD Cr CAMELIA INFONET (P) LTD 11-3-2008 Cr CAMELIA INFONET (P) LTD 12-3-2008 Cr SATYA SALES CORPORATION 13-3-2008 Cr Rx Infotech Pvt Ltd Cr CAMELIA INFONET (P) LTD Purchase Purchase Purchase Purchase 130 59,65,874.00 131 85,69,574.00 132 45,86,957.00 133 69,56,854.00 Purchase 134 85,74,685.00 Purchase 135 30,79,134.68 Purchase 136 24,85,763.00 PURCHASE INVOICE 288 25,67,000.00 PURCHASE INVOICE 289 8,37,16,160.00 PURCHASE INVOICE 290 5,01,700.00 PURCHASE INVOICE 291 80,29,205.00 Purchase 137 78,56,954.00 PURCHASE INVOICE 292 96,80,589.00 Purchase 138 65,84,752.00 PURCHASE INVOICE 293 28,50,000.00 PURCHASE INVOICE 294 1,18,87,563.00 PURCHASE INVOICE 295 52,98,000.00 Purchase 139 78,56,958.00 PURC....
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....AKANTH PLACE Sant Nagar, East of Kailash New Delhi-110065 PNB CUSTOM DUTY Ledger Account 2,08,10,15,749.50 2,08,10,15,749 2,08,10,15,749.50 2,08,10,15,749 1-Apr-2007 to 31-Mar-2008 Date Particulars Vch Type Vch No. 3-4-2007 Cr CENTRAL BANK OF INDIA 4-4-2007 Cr CENTRAL BANK OF INDIA Payment 9 Debit 2,50,673.00 Payment 14 45 076.00 30-5-2007 Cr City Bank 0124416221 Payment 152 28,216.00 6-6-2007 Cr City Bank 0124416221 Payment 174 1,44,191.00 7-6-2007 Cr TNT INDIA PVT LTD 30-6-2007 Cr City Bank 0124416221 Journal 71 6,27,835.00 Payment 222 48,097.00 9-7-2007 Cr City Bank 0124410221 Payment 255 1,20,292.00 16-7-2007 Cr City Bank 0124416221 17-7-2007 Cr City Bank 0124416221 Payment 272 1,73,914.00 Payment 276 96, 103.00 Cr City Bank 0124416221 Payment 277 2,06,531.00 Cr City Bank 0124416221 Payment 278 4,32,554.00 19-7-2007 Cr City Bank 0124416221 Payment 280 93,884.00 23-7-2007 Cr City Bank 124416221 Payment 287 11,53,733.00 3-8-2007 Cr City Bank 0124410221 Payment 322 2,13,308.00 ....
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.... Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd 15-9-2007 Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd 19-9-2007 Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd 25-9-2007 Cr WILSON ELECTRO PRODUCTS 26-9-2007 Cr WILSON ELECTRO PRODUCTS 4-10-2007 Cr WILSON ELECTRO PRODUCTS 5-10-2007 Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd 7-10-2007 Cr WILSON ELECTRO PRODUCTS 19-10-2007 Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd 25-10-2007 Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd 27-10-2007 Cr AADHAR TECHNOLOGIES PVT LTD 3-11-2007 Cr Shree Balaji Logistices and Trade Solutions 6-11-2007 Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd Cr Kaypee Clearing and Forwarding Pvt Ltd Journal 104 5,270.00 Journal Journal Journal Journal Journal Journal Journal Journal Journal Journal Journal 105 112 113 114 115 121 ....
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....ji Logistices and Trade Solutions 27-2-2008 Cr Shree Balaji Logistices and Trade Solutions 24-3-2008 Cr Tulip It Services Ltd Jammu Dr Closing Balance continued. 15 Pa Vch Type Vch No. Debit Cr 6,17,680.00 Journal Journal Journal Journal Journal Journal 259 263 266 30,815.00 92,327.00 Purchase 267 271 279 152 1,786.00 10,600.00 67,595.00 7,568.00 2,500.00 8,30,871.00 8,30,871.00 8,30,871 8,30,871 Document 4 GOLF TECHNOLOGIES (P) LTD LGF-06/190, NEELAKANTH PLACE Sant Nagar, East of Kailash New Delhi-110065 DIFF IN FOREIGN EXCHANGE Ledger Account 1-Apr-2007 to 31-Mar-2008 Pag Date Particulars. 7-5-2007 Dr Ms Tronic Company Ltd 21-5-2007 Dr Waveip Ltd Vch Type Vch No. Debit Cre Journal 34 5,752. Journal 52 2,061. 26-5-2007 Dr Ms Tronic Company Ltd Journal 57 130. 30-5-2007 Cr Ms Tronic Company Ltd Journal 60 28-6-2007 Cr Unex Technology Corporation Journal 81 125.00 5,035.00 9-7-2007 Dr Bothhand Enterprises Journal 91 12. 21-7-2007 Cr Quick Link Wireless Journal ....
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....ES LTD 5-5-2007 Dr TULIP IT SERVICES LTD Dr PINE WOOD INFORMATION SYSTEM (P) LTD 7-5-2007 Dr Cash Dr TULIP IT SERVICES LTD 8-5-2007 Dr TULIP IT SERVICES LTD 10-5-2007 Dr TULIP IT SERVICES LTD Dr PINE WOOD INFORMATION SYSTEM (P) LTD SALE INVOICE 4 25,207.4 17,54,976.€ SALE INVOICE 5 1,09,045.1 Sales 15 31,00,252.C Sales 16 3,90,500.0 SALE INVOICE 6 2,31,204. SALE INVOICE 7 43,004.4 SALE INVOICE 8 1,80,894.9 Sales 17 36,17,247.C 11-5-2007 Dr TULIP IT SERVICES LTD SALE INVOICE 9 8,48,897.6 14-5-2007 Dr TULIP IT SERVICES LTD 5-5-2007 Dr TULIP IT SERVICES LTD 7-5-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD SALE INVOICE 10 1,33,083.9 SALE INVOICE 11 11,29,540.5 SALE INVOICE 12 1,97,800.5 Sales 18 39,79,680.0 Dr TULIP SERVICES LTD Sales 19 10,08,000.0 Dr TULIP IT SERVICES LTD Sales 20 11,07,526.0 Dr TULIP IT SERVICES LTD Sales 21 7.08.476.0 Dr TULIP IT SERVICES LTD Sales 22 30,88,000.0 Dr TULIP SERVICES LTD 18-5-2007 Dr TULIP IT SERVICES LTD 22-5-2007 Dr TULIP IT....
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....ULIP IT SERVICES LTD 21-6-2007 Dr TULIP IT SERVICES LTD Sales 41 2,70,000.0 SALE INVOICE 27 11,67,107.2 SALE INVOICE 28 1,19,589.8 SALE INVOICE 29 2,73,321. 22-6-2007 Dr TULIP IT SERVICES LTD 23-6-2007 Dr Cash Dr Cash SALE INVOICE 30 2,27,414. Sales 42 3,60,000.0 Sales 43 1,90,000.0 25-6-2007 Dr TULIP IT SERVICES LTD Dr PINE WOOD INFORMATION SYSTEM (P) LTD SALE INVOICE 31 14,29,104.2 Sales 44 24,65,411.C Dr Cash 45 2,25,500.0 26-6-2007 Dr Cash Sales 46 4,00,000.0 27-6-2007 Dr TULIP IT SERVICES LTD SALE INVOICE 32 6,55,077.1 Dr Cash Sales 47 3,12,200.0 3-6-2007 Dr TULIP IT SERVICES LTD SALE INVOICE 33 10,51,262.9 29-6-2007 Dr TULIP IT SERVICES LTD SALE INVOICE 34 10,95,461.1 Dr TULIP IT SERVICES LTD Sales 48 51,78,640.0 Dr TULIP IT SERVICES LTD Sales 49 44,88,000.0 Dr TULIP IT SERVICES LTD Sales 50 49,40,000.0 Dr TULIP IT SERVICES LTD Sales 51 32,64,348.0 Dr TULIP IT SERVICES LTD Sales 52 44,68,000.0 Dr Cash Sales 53 4,50,000.0 30-6-2007 Dr TUL....
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....68 95,32,000. 83,13,000. Sales 69 1,53,94,000 SALE INVOICE 44 16,82,296. SALES INVOICE 2008 4 2,48,600. SALES INVOICE28) 5 2,26,600.1 SALE INVOICE 45 5,81,334. SALES VOCE 2 6 2,24,250 Sales 70 27,29,000. SALE INVOICE 46 79,063.1 SALES INVOCE 2018 7 Sales 71 2,82,420.0 41,79,760.0 Sales 72 42,28,200.0 Sales 73 26,60,000.1 Sales 74 Dr PINE WOOD INFORMATION SYSTEM (P) LTD Sales 75 24,45,196.1 24,65,411.1 26-7-2007 Dr TULIP IT SERVICES LTD 27-7-2007 Dr TULIP IT SERVICES LTD SALES MODEL MO SALES VOCE 2,88,200.0 9 3,95,340.0 8-7-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD. 30-7-2007 Dr TULIP IT SERVICES LTD 31-7-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD SALES INVOCE 10 2,26,600 0 SALE INVOICE SALES CICE 47 6,50,316.! 11 1,55,100.1 SALES VOICE T 12 SALES VOICE T 13 1,29,360.0 55,000.0 Dr TULIP IT SERVICES LTD Dr SUKHMANI TECHNOLOGIES (P) LTD SALE INVOICE SALE INVOICE Sales 48 10,05,509. 49 76 1,6....
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.... TULIP IT SERVICES 17-8-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 18-8-2007 Dr TULIP IT SERVICES LTD Dr TULIP SERVICES LTD 20-8-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 21-8-2007 Dr TULIP SERVICES LTD 22-8-2007 Dr TULIP IT SERVICES LTD 23-8-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 24-8-2007 Dr TULIP IT SERVICES LTD 25-8-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD SALE INVOICE 53 2,12,147. SALES DIVOICE 24 26 1,10,000. SALE INVOICE SALES MOICE2 54 3,57,473. 27 4,62,000. SALES MONCE 28 4,40,000.0 SALE INVOICE 55 6,68,023.1 SALES INVICE 29 3,30,000.1 SALE INVOICE 56 1,13,584.1 Sales 89 84,68,000.0 Sales 90 98,95,350. Sales 91 99,27,588.0 Sales 92 87,83,320.0 LTD Sales 93 51,87,000.0 SALES INVOICE 248 30 1,32,000.0 SALESVINCE2 31 1,92,000. SALES INVOICE20- 32 1,92,000.0 SALE INVOICE SALES VOCE 57 3,78,202.: 33 3,35,880.0 Dr TULIP SERVICES LTD SALES VOCE 34 1,44,000.0 SALE INVOICE 58 ....
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....SERVICES LTD Dr TULIP IT SERVICES LTD SALE INVOICE 68 17,41,492. SALE INVOICE 69 50,29,295.1 SALES OCE 41 2,50,000.0 SALES UNCE 42 3,36,000. SALE INVOICE 70 16,71,250. Dr TULIP IT SERVICES LTD Sales 114 69,57,136.1 Dr TULIP IT SERVICES LTD Sales 115 33,07,000.1 Dr PINE WOOD INFORMATION SYSTEM (P) LTD Sales 116 36,17,247,0 11-9-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 12-9-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr CAMELIA INFONET (P) LTD Dr TULIP IT SERVICES LTD 40-2007 Dr TULIP IT SERVICES LTD 15-9-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 17-9-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr CAMELIA INFONET (P) LTD Dr CAMELIA INFONET (P) LTD 18-9-2007 Dr TULIP IT SERVICES LTD 19-9-2007 Dr TULIP IT SERVICES LTD Dr CAMELIA INFONET (P) LTD Dr CAMELIA INFONET (P) LTD 20-9-2007 Dr TULIP IT SERVICES LTD 22-9-2007 Dr TULIP SERVICES LTD Dr CAMELIA INFONET (P) LTD Dr TULIP IT SERVICES LTD 24-9-2007 Dr TULIP IT SERVICES LTD Dr Encore Technologies (P) Ltd Dr Encore Technologies (P) Ltd ....
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....01 SALE INVOICE 102 Dr TULIP IT SERVICES LTD SALE INVOICE 103 15,07,680. 10,35,000.0 24,08,000. Dr TULIP IT SERVICES LTD SALE INVOICE 104 10,60,000. Dr TULIP IT SERVICES LTD SALE INVOICE 105 46,30,425.1 Dr PINE WOOD INFORMATION SYSTEM (P) LTD Sales 124 55,02,511.1 2-10-2007 Dr TULIP IT SERVICES LTD Sales 125 1,52,88,520.0 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Sales 126 97,44,488.0 SALE INVOICE 106 86,84,229. SALE INVOICE 107 40,50,676.1 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD SALE INVOICE 108 45,59,968.0 SALE INVOICE 109 48,55,634. SALE INVOICE 110 40,87,375.0 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD SALE INVOICE 111 35,32,381.( SALE INVOICE 112 14,46,962.3 Dr TULIP IT SERVICES LTD SALE INVOICE 113 50,57,111. Dr TULIP SERVICES LTD Dr TULIP IT SERVICES LTD 3-10-2007 Dr TULIPI SERVICES LTD Dr TULIP SERVICES LTD Dr TULIP SERVICES LTD Sales Sales SALE INVOICE 127 1,29,73,088.0 128 1,28,18,000.0....
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....LTD Dr TULIP IT SERVICES LTD SALE INVOICE 137 70.43.354.0 SALE INVOICE 138 12,32,208.0 SALES DICE 20 55 10,24,100.0 SALE INVOICE 139 28,88,000.0 SALE INVOICE 140 47,32,558.0 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 9-10-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD SALE INVOICE 141 4,67,028.0 Sales 132 6,63,728.0 SALE INVOICE 142 1,45,70,556.9 SALE INVOICE 143 88,40,969.9 SALE INVOICE 144 26,65,200.0 Dr TULIP IT SERVICES LTD SALE INVOICE 145 54,43,530.0 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 10-10-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD SALE INVOICE 146 14,68,969.0 SALE INVOICE 147 1,29,93,004.6 SALES INVOICE 56 5,88,560.0 SALES VOICE20 57 50,87,750.0 SALE INVOICE 148 87,28,828.0 SALE INVOICE 149 97,26,353.0 SALE INVOICE 150 21,38,800.0 SALE INVOICE 151 Dr TULIP IT SERVICES LTD Dr PINE WOOD INFORMATIO....
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.... SALES MOGE 169 10,86,442.86 68 4,04,200.00 SALE INVOICE 170 12,52,030.00 SALES OCE Sales 69 2,35,200.00 135 82,14,648.00 Sales 136 1,34,89,992.00 Dr TULIP IT SERVICES LTD SALE INVOICE 171 72,99,769.95 Dr TULIP IT SERVICES LTD Sales Dr TULIP IT SERVICES LTD Sales 137 138 1,05,51,376.00 80,58,204.00 Dr TULIP IT SERVICES LTD Sales 139 90,05,880.00 Dr TULIP IT SERVICES LTD Sales 140 82,14,648.00 Dr TULIP IT SERVICES LTD Sales 141 Dr TULIP IT SERVICES LTD Sales 142 82.14.648.00 1,34,89,992.00 Dr TULIP IT SERVICES LTD Sales 143 89,85,000.00 Dr TULIP IT SERVICES LTD 23-10-2007 Dr TULIP SERVICES LTD Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 24-10-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD -10-2007 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Sales 144 60.97,000.0 SALES INVOICES 70 3,84,000.00 SALE INVOICE 172 62,84,326.0 SALE INVOICE 17,29,060.0 SALES OCE 71 4,25,200.0 SALE INVOICE SALES CE2 66,71,787.3 72 2.40,000.0 SALE INVOICE 17....
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.... 47,63,000.00 10-11-2007 Dr PINE WOOD INFORMATION SYSTEM (P) LTD Sales 159 12-11-2007 Dr TULIP IT SERVICES LTD Sales 160 36,17,247.00 1,20,10,000.00 Dr TULIP IT SERVICES LTD Sales 161 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD 14-11-2007 Dr TULIP IT SERVICES LTD Sales Sales 162 52,57,600.00 97,12,928.00 163 1,15,84,096.00 SALES MOGE 81 3,16,000.00 15-11-2007 Dr TULIP IT SERVICES LTD SALES MODE 82 9,600.00 16-11-2007 Dr TULIP IT SERVICES LTD SALES VOCE 83 2,25,000.00 Dr TULIP IT SERVICES LTD Sales 164 61,85,000.0 Dr TULIP IT SERVICES LTD Dr TULIP IT SERVICES LTD Sales 165 84,02,940.0 Dr TULIP IT SERVICES LTD Sales Sales 166 1,45,59,480.0 167 70,13,568.0 17-11-2007 Dr TULIP IT SERVICES LTD SALES VOICE 84 9,600.0 19-11-2007 Dr TULIP IT SERVICES LTD 20-11-2007 Dr TULIP IT SERVICES LTD 21-11-2007 Dr TULIP IT SERVICES LTD 22-11-2007 Dr TULIP IT SERVICES LTD 24-11-2007 Dr TULIP IT SERVICES LTD SALES MOCE 85 4,60,000.0 SALES VOICE 86 5,50,000.0 SALES VOCE 87 6,74,800.C SALES MOCE....