purchases for assessment year 1996-97. The assessing officer considered the question of unrecorded purchases after making addition on account of unaccounted sales. According ... relating to unaccounted sales as reflected in Annexure A-9. Obviously, the debits in this period would relate to corresponding unaccounted purchases effected during
under four separate heads of
under-invoicing, undisclosed sales, investments in
unaccounted purchases, and interest income. The AO found
that the undisclosed income ... head under which undisclosed income
was found by the AO were unaccounted purchases and the
corresponding sales. The AO determined the undisclosed
investments in purchases
with Shri Rajendra Agrawal of Dewas;
(2) Unaccounted income of Rs. 23,76,570 from unaccounted purchases as per seized material, namely ... Agrawal never stated that the entries in the seized material represented unaccounted purchases of seeds by the assessee. Some of the entries recorded
contention of the assessee on merit
regarding the addition of unaccounted purchases under Section ... addition under Section 69C of the Act in respect of unaccounted
purchases, as against the addition made in the original assessment
under Section
purchases for asst. yr. 1996-97. The AO considered the question of unrecorded purchases after making addition on account of unaccounted sales. According ... relating to unaccounted sales as reflected in Annexure A-9. Obviously, the debits in this period would relate to corresponding unaccounted purchases effected during
entire unaccounted business
chain regarding unaccounted purchases, unaccounted manufacture,
unaccounted packing, unaccounted printing, clandestine removal of
goods, unaccounted sale and utilization of the sale proceeds ... explained the entire
unaccounted business chain regarding unaccounted purchases,
unaccounted manufacture, unaccounted packing, unaccounted
printing, clandestine removal of goods, unaccounted sale and
utilization
Similarly the income of Rs.1,50,00,000/- being unaccounted URD
purchases is treated as the assessee's undisclosed income from
business ... added on account of unaccounted URD
purchases.
10.1 She submitted that during the course of search, various
incriminating documents and material were found and seized
Similarly the income of Rs.1,50,00,000/- being unaccounted URD
purchases is treated as the assessee's undisclosed income from
business ... added on account of unaccounted URD
purchases.
10.1 She submitted that during the course of search, various
incriminating documents and material were found and seized
Similarly the income of Rs.1,50,00,000/- being unaccounted URD
purchases is treated as the assessee's undisclosed income from
business ... added on account of unaccounted URD
purchases.
10.1 She submitted that during the course of search, various
incriminating documents and material were found and seized
Similarly the income of Rs.1,50,00,000/- being unaccounted URD
purchases is treated as the assessee's undisclosed income from
business ... added on account of unaccounted URD
purchases.
10.1 She submitted that during the course of search, various
incriminating documents and material were found and seized
