transpired that certain entities opened a large number of demat accounts in
fictitious/benami names. These entities acquired shares of those companies
allotted ... adopted was that subsequent to the receipt of the IPO allotment, these
fictitious/benami allottees transferred the shares to their principals called
concerns the details of which are as under :
Total purchases Purchases from fictitious
concerns
A.Y. Weight (MT) Amount in Rs. Weight (MT) Amount ... assessee to prove that scarp purchased
from the above said seven fictitious concerns was real and material had actually
been received. The assessee reiterated
summary of the alleged fictitious trades, as executed by the appellant, is also
given in the show cause notice as under:
Self Trades
Self Trades ... executed through online trading process. There
was no intention to execute fictitious trades. All the trades executed by the appellant
were proprietary in nature
Nathani. It is alleged that the transactions of the Nathani family
were fictitious in nature and these suspicious transactions did not have any
economic rationale ... which 200 trades
involving 318 shares were alleged to be fictitious, the buy client and sell client
being the same. Out of these 200 fictitious
various Asst. Years are not genuine and the same are based on fictitious
documents created. Evidences gathered from stock exchanges and brokers are also ... made addition of Rs. 45,83,478/- on account of
fictitious sale of shares and fictitious capital gain including brokerage and
commission @6% thereon
name of M/s Satnam Trading Co., also appears to be
fictitious liability created by the firm by introducing his own money.
In order ... against purchase of goods the same is
treated as fictitious liability created by the firm by introducing its own
money as discussed above. The same
Officer)
and Dr. Ankur Yadav (Asst. Prof.) qualify to be hypothetically and fictitiously designated as Asst.
Editors in the official newsletter of NIHFW?
13. Whether ... professional ethics or they promote quacks?
14. Can anybody be irrationally and fictitiously designated as an Asst. Editor and Managing Editor in
the official publications
made by the Assessing Officer on account of
fictitious liability/credit u/s.68 of the Act.
9. While deleting the addition ... vide this office appellate order dated 4.9.2009
passed in AY 2006-07 fictitious liability addition was telescoped
in the GP addition.
After going through rival
said address and the said address was reported to be fictitious.
2.2 A show-cause notice was issued to the Appellant on 27th March ... Bangalore. But, on investigation it was found that the said address was fictitious as reported by the Deputy Commissioner of Customs, Bangalore vide his letter
another amount of Rs.10,000/-. The entries of this amount are fictitious
made fraudulently by Surjit Singh, Field Officer to conceal his fraud. Surjit ... against him. These fictitious entries
are made in the loan account of the appellant by Surjit Singh fraudulently. So
much so, he bifurcated the amount
