forwarded information regarding assessee's who had taken
bogus purchase bills to reduce and suppress profits. The
Sales Tax Authorities had taken action against ... number of
Hawala Dealers who had issued bogus purchase bills to
various assessee's of Mumbai to suppress their profits. On
the basis
dealt with by them on
14.07.2005 and 20.07.2005.
(iv) A bogus purchase committee was formed by the
accused/officials to cover up the irregular purchases ... opening of tenders besides the false noting regarding
formation of bogus purchase committee having predated signature
for 30.06.2005 made by accused
said four firms have been found indulging in bogus purchase of SSF/undersized coal by the petitioner-Fertico Investment.
22. The CBI further found that ... Trishul Industries, Chandauli. All these firms were found indulging in bogus purchase of SSF/undersized coal by the petitioner-Fertico Investment. Accused, Arun Kumar Agrawal
said four firms have been found indulging in bogus purchase of SSF/undersized coal by the petitioner-Fertico Investment.
22. The CBI further found that ... Trishul Industries, Chandauli. All these firms were found indulging in bogus purchase of SSF/undersized coal by the petitioner-Fertico Investment. Accused, Arun Kumar Agrawal
Pharmaceuticals & Chemicals on
different dates. This transaction is for showing bogus purchase in
assessee's books. Besides, it is also to be considered ... amount of
Rs.1,40,78,914/- is assessee's bogus purchase and it was to be
added in assessee's income. Thus
Pharmaceuticals & Chemicals on
different dates. This transaction is for showing bogus purchase in
assessee's books. Besides, it is also to be considered ... amount of
Rs.1,40,78,914/- is assessee's bogus purchase and it was to be
added in assessee's income. Thus
fake and non-existent Company, but was shown to be
procuring bogus purchase invoices from other firms i.e. M/s Kamboj
Brothers ... that he in collusion with the fake firms had been obtaining bogus
purchase invoices and then claiming false ITC from the Taxation
Department (Annexure
disallowance
to be sustained with respect to bogus purchases. The AO has observed
100% of the purchase value to be added to the income ... reasonable estimation of profit element
embedded in the bogus purchase when material consumption factor do
not show abnormal deviation.
5. Whether the purchases were bogus
thereby gained Rs.2,70,00,000/- towards advertisement. They
used bogus purchase invoices and made false entries in the
Books of Accounts for showing
Agni Gems Pvt. Ltd. Seems to be a bogus purchase
and it is accommodation entries provided at the instance of
Afroze Mohd. Hasanfatta and their ... business transaction but in
the form of bogus purchase, it was only an accommodation
entries and the company was one of the beneficiaries
