Sponsored
    Follow Us:

Case Law Details

Case Name : Hiralal Chunilal Jain Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 4547/MUM/2014
Date of Judgement/Order : 01/01/2016
Related Assessment Year : 2009-2010
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

CA Suraj R. Agrawal

Brief of the Case-  ITAT Mumbai held in the case of Hiralal Chunilal Jain vs. ITO that addition for alleged Bogus Purchase not sustainable as AO had made the addition solely on the basis of information received from the Sales tax department without making any independent inquiry or following the principles of natural justice before making the addition.

Suspicion of the highest degree cannot take the place of evidence.

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Author Bio

With over 15 years of practical experience as a Chartered Accountant, including positions at Big 4 firms, Suraj R. Agrawal has honed expertise in a wide array of tax-related areas. He specializes in global transfer pricing, cross-border transaction structuring, international taxation, tax structurin View Full Profile

My Published Posts

Tax Avoidance and Invocation of GAAR: Case of Ayodhya Rami Reddy Alla ITAT Rulings on TP Adjustments, ESOP Expenses & Section 14A Disallowance No Section 56(2)(viib) on Loan Conversion to Equity; Choice of Valuation Method with Assessee, not AO Carry Forward & Set Off of Losses in Case of Closely Held Companies [Section 79] Carry Forward & Set Off of Accumulated Business Losses and Unabsorbed Depreciation in Certain Cases View More Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

0 Comments

  1. sunil b mundada says:

    as baove dession came from itat bombay if case is in defernrt jurisdiction they are not taking the above case like poona itat then what to do

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031