Agson global pvt ltd

Not registered? Create an account. Forgot Password? Click Here! Already have an Account? Login Here! Still Remember? LTD VS. T A 66 74 40 50 99 49 82 98 14 37 14 32 56 58 69 53 28 35 66 74 40 50 99 49 82 98 14 37 14 32 56 58 69 53 28 35 88 31 23 65 25 24 1 79 46 43 2 67 93 04 2 99 56 36 1 21 54 43 23 23 50 36 54 71 66 72 00 54 1 08 45 52 4 87 TOTAL 3 47 73 43 3 47 73 43 9 00 53 54 3 13 16 21 COM THE LD. THE L D.

CIT DR. TH E LD. THE A. OF RS. AND RS. ON CIT A. Y TO F. JUNE JULY MARCH AS ON Y THE F. YS TO CIT 4. CIT A 5. Counsel for Department No Counsels found! Upload the order of lower authorities and our dedicated Research Team shall help you find out Case Laws relevant to your issue. Create an account Forgot Password? Forgot your password?

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Send Not registered? Create an account Still Remember?Thus, there was no justification to make any addition under section Also, there was no justification to make the addition under section 69C regarding bogus purchases as AO could not disallow purchases from a party as bogus while treating sales to same party as genuine. AO therefore, noted that the amount that assessee had resorted to circuitous and sham transaction with these entities, therefore, addition of the above amount was made as unexplained credit under section AO however neither make any further enquiry on the documentary evidences filed by assessee nor verify the trail of the source of funds received by assessee through various entities.

AO thus, failed to conduct scrutiny of the documents at assessment stage and merely suspected the transaction between the Investor Companies and assessee company despite the fact that in the deviation report AO expressed doubts in making addition into the matter.

It might also be noted here that no cash had been reported to have been deposited in the accounts of assessee, the Investor Companies and other related parties. Considering the totality of the facts and circumstances of the case and material on record, assessee had been able to prove that it had received genuine amounts which was routed through various companies.

Therefore, there was no justification to make any addition under section Further, there was no evidence on record that assessee paid any amount on account of commission for arranging any transaction because it was a genuine transaction between the parties.

Delhi ITAT deleted addition of cash deposits during demonetisation

Therefore, there was no justification to make the addition under section 69C. Therefore, addition made by AO on account of bogus purchases deserved to be deleted for concluded assessment as well as pending assessments. These are the 12 cross appeals filed by the assessee and the learned Assessing Officer involving similar issue in case of one assessee for all 6-assessment years.

Both the parties argued them together raising similar arguments on these issues for concluded assessment and abated assessment. Therefore, these all appeals are disposed of by this common order.

The parties agreed that AY is a lead Assessment Year and facts relating thereto were adverted by them. In case of AY there is also a separate addition other then the identical addition as mentioned in Aywhich would be dealt with by both the parties independent and separate manner as the facts and circumstances leading to that additions were different.

Against this, ld AO did not prefer further appeal. So, assessment for assessment year — 13 was concluded. The learned assessing officer found that these companies do not have much operation but have a robust balance sheet. The companies have paid heavy premium per share and there is no rational for paying such a high premium. In the subsequent years after investment in the assessee company, the operations in most of the companies have reduced further.This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

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Other wholesale [Includes specialized wholesale not covered in any one of the previous categories and wholesale in a variety of goods without any particular specialization. Click here to see other companies involved in same activity. Login to view previous names. Login to view previous cins.

Agson Global Pvt. Ltd vs. ACIT (ITAT Delhi)

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agson global pvt ltd

Immovable property or any interest therein; Book debts; Floating charge; Movable property not being pledge. Immovable property or any interest therein; Book debts; Movable property not being pledge ; Stocks.

Immovable property or any interest therein; Floating charge; Movable property not being pledge ; Fixed assets. Book debts; Floating charge; Movable property not being pledge ; Immovable property or any interest therein. Immovable property or any interest therein; Book debts; Floating charge; Movable property not being pledge ; Current Assets. Immovable property or any interest therein; Book debts; Floating charge; Movable property not being pledge ; Current and fixed assets.

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Change of directors Filing of financials Registration of new loans Registration of Debentures Change of Company to LLP Satisfaction of loans Change of Address Application form for change of name Application for Conversion of Public Company into Private Company Notice of the court or the company law board order Conversion of public company into private company or private company into public company Allotment of equity ESOP, Fund raising, etc Return in respect of buy back of securities Letter of Offer Notice of consolidation, division, etc.

Please enter valid URL.Incorporated in as Shree Gopal Impex Pvt. Few years later the Company diversified into the manufacturing of Menthol products, Logistics and Warehousing Leasing. The Company has established a broad customer base for the sale of Menthol has tied up with some international giants for exporting Menthol Crystals.

AGSON GLOBAL PRIVATE LIMITED

A robust and flawless operational system are backed by flawless supply chain management to meet customers demand without any constraint. This provides us an edge over our competitors, thus helping us in strengthening our position in the market.

Agson Global Group. Read More. Apresh Garg - Chairman. One of the Leading Global Players since 23 Years. Nurturing Growth Through Profitable Diversification The Company has established a broad customer base for the sale of Menthol has tied up with some international giants for exporting Menthol Crystals.

Nurturing Growth Through Robust Operational System A robust and flawless operational system are backed by flawless supply chain management to meet customers demand without any constraint. Know More. Profit Graph Agson Financial Highlights.

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agson global pvt ltd

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If you are party to this appeal, click button Apply to save Interest and Penalty Apply. LTD VS. T A 66 74 40 50 99 49 82 98 14 37 14 32 56 58 69 53 28 35 66 74 40 50 99 49 82 98 14 37 14 32 56 58 69 53 28 35 88 31 23 65 25 24 1 79 46 43 2 67 93 04 2 99 56 36 1 21 54 43 23 23 50 36 54 71 66 72 00 54 1 08 45 52 4 87 TOTAL 3 47 73 43 3 47 73 43 9 00 53 54 3 13 16 21 COM THE LD. THE L D. CIT DR. TH E LD. THE A. OF RS. AND RS. ON CIT A.

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Y TO F. JUNE JULY MARCH AS ON Y THE F. YS TO CIT 4.

agson global pvt ltd

CIT A 5.This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. A valid e-mail address.

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All e-mails from the system will be sent to this address. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail. Change of directors Filing of financials Registration of new loans Registration of Debentures Change of Company to LLP Satisfaction of loans Change of Address Application form for change of name Application for Conversion of Public Company into Private Company Notice of the court or the company law board order Conversion of public company into private company or private company into public company Allotment of equity ESOP, Fund raising, etc Return in respect of buy back of securities Letter of Offer Notice of consolidation, division, etc.

Skip to main content. Sign In. Sign Up. Browse Companies by Activity, Age and Location. Agson Global Private Limited. Track this company. Basic Information. PDF 6 Add to Cart Appointment or change of designation of directors, managers or secretary Add to Cart Appointment or change of designation of directors, managers or secretary Add to Cart Appointment or change of designation of directors, managers or secretary Add to Cart Form PDF 5 Add to Cart Appointment or change of designation of directors, managers or secretary Add to Cart Appointment or change of designation of directors, managers or secretary Add to Cart.

C Consortium Agreement-min. OF CA. OF MA. Current Assets. PDF Add to Cart resolution PDF Add to Cart resignation letter. PDF Add to Cart final--egm resolution. PDF Add to Cart share allotment list PDF Add to Cart agson-auditor appointment PDF Add to Cart notice of egm for increasing capital. PDF Add to Cart Notice of situation or change of situation of registered office Add to Cart Notice of situation or change of situation of registered office Add to Cart Certificate of Registration for Modification of Mortgage OCT Add to Cart consent from auditor.

PDF Add to Cart. Attach separate list for each allotment refer instruction kit for format. If not attached, then it shall be submitted separately in a CD. PDF Add to Cart Instrument of creation or modification of charge Add to Cart Instrument of creation or modification of charge PDF Add to Cart Particulars of all Joint charge holders Add to Cart Instrument of creation or modification of charge Add to Cart Instrument of creation or modification of chargeAgson Global Pvt.

Addition was done on account of cash deposits done during demonetization period.

agson global pvt ltd

Tribunal observed that there were no substantial increase in sales post demonetisation compared to earlier years. It held that. Tribunal further analysed the cash sales to cash deposit ratio, and finds only minor difference between the two, also observed that there were no substantial downfall or increase in the gross profit and net profit compared to earlier years.

While arriving at the said figure of Rs. Further, even out of Rs. ITAT undertook detailed analysis in the present case so as to arrive at the following conclusions:.

Growth in sales compared to earlier two years in case of the assessee showed similar trend. Thus, it cannot be said that assessee had booked non-existing sales in its books post demonetization. Thus, it cannot be said that trend of sales in the said year post demonetization, assessee had booked higher sales. ITAT further finds that AO himself stated that there is an element of suspicion that the assessee has made introduction of unaccounted cash in its books of accounts in the wake of Demonetization.

However, he hastened to add that at the same time the Cash sales to the certain acceptable extent as per the business trend of the assessee company could not be ruled out. ITAT opined that photocopy of original cannot be considered as primary evidence as stipulated in explanation to Sec. Ruling on the merits of such addition, ITAT noted that complete trail of funds with the copies of the relevant bank accounts evidencing the movement of the funds had been enclosed along with confirmations by the assessee as also noted that all the investors were assessed to tax.

Thus, ITAT held that assessee had proved the identity, creditworthiness and genuineness of the transaction and deleted the addition. ON Addition of alleged Bogus purchases ITAT noted that all the transactions were routed through banking channels, the purchase and sale details were supported with quantitative details and the books of accounts were duly audited as per companies act and income tax act. Further ITAT observed that no incriminating evidences were found with respect to such alleged bogus purchases during the search proceedings.

The revenue cannot blow hot and cold in the same breathe. ITAT noted that In the deviation report the AO had categorically held that if, the purchases were to be removed from the books of accounts from those parties, then necessarily on the same allegation the sales was also required to be removed from the regular books of accounts, which would lead to assessing the assessee at less than the income returned by it. ITAT held that the action of AO of considering only the purchases from alleged parties as bogus was contradictory to his own stand, thus rules that it cannot be said that purchases made from these parties were bogus however; sales made to these parties were genuine.

In the present case, no such exercise or attempt has been made by the revenue authorities… Thus, held that rejected of books of account was not warranted.

Delhi ITAT deleted addition of cash deposits during demonetisation

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