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2019 (11) TMI 1420 - GUJARAT HIGH COURTBogus purchases - CIT-A restricted addition to 25% of total addition - HELD THAT:- In the light of the concurrent findings of fact recorded by the Tribunal that the sales had not been disputed by the revenue authorities, no infirmity can be found in the approach adopted by the Commissioner (Appeals) as well as the Tribunal in restricting the addition made on account of bogus purchases to 25% - No question of law. Undisclosed income admitted during the course of survey proceedings - HELD THAT:- Commissioner (Appeals) has found that the assessee had accepted taking bills from Vishal Traders. The addition made on account of bogus purchases came to ₹ 1,41,87,441/- whereas the addition on account of undisclosed income was to the extent of ₹ 1,13,84,071/-. Commissioner (Appeals) has found that this amount would get telescoped in the addition of ₹ 1,41,87,441/- sustained on account of bogus purchases. In the opinion of this court, there is no infirmity in the approach adopted by the Commissioner (Appeals). While it is true that the Tribunal has not given any categorical finding on this issue, nevertheless having regard to the approach adopted by the Commissioner (Appeals), no question of law arises.
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