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2017 (11) TMI 1825 - ITAT MUMBAIBogus purchases - addition @6% - addition on the basis of information from the Sales Tax department in respect of bogus suppliers - HELD THAT:- CIT(A) concluded that the entire purchases cannot be held to be bogus merely on the bases of the statement of the seller, who was never cross examined by the assessee. It was also observed that corresponding sales/consumption shown by the assessee accepted by the Department. After applying various Judicial pronouncements the CIT(A) restricted the addition to the extent of 6% on the alleged bogus purchases. Nothing was brought to our notice by DR to persuade us to deviated from the finding recorded by the CIT(A) restricting the addition to the extent of 6%. Accordingly we do not find any reason to interfere in the order of the Ld. CIT(A). - Decided against revenue.
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