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2016 (5) TMI 1291 - RAJASTHAN HIGH COURTBogus purchases - Held that:- As noticed that the assessee has furnished some confirmations but for the reasons best known to it, none of the sale bills have been placed on record though directed. On reading of the order of CIT(A) and Tribunal, it is apparent that even sale bills have not been produced before the said appellate authorites. It is also a matter of fact that though the claim of the assessee before the authorities and before this Court with vehemence was that all the transactions are through brokers and the parties do not come in picture. However, on a specific query raised earlier, which is reproduced herein before, not a single name and address of any broker and as to how much amount was paid as brokerage has been placed on record to substantiate the claim made before the lower authorities as well as before this Court. As the assessee has not discharged the onus which was casted on him once the parties either were not found existing or the information was received that the parties are providing accommodation entries only. - Decided against assessee
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