Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (8) TMI 1634 - ITAT MUMBAIBogus purchases u/s 69C - assessee filed copy of consumption register and stock register - When enquired, assessee pointed out that the matter can be restored back to the file of the AO for limited verification whether the assessee has consumed the material purchased from Mani Bhadra Sales Pvt. Ltd. and in that eventuality, the assessee would prove that these material of purchases were consumed or not - HELD THAT:- Admittedly, the assessee is a manufacturer of analytical, environmental pollution monitoring instruments, Waste Water Treatment Applications, and services for monitoring and control of quality of gases, liquids, air and water. If, assessee made purchases from om Mani Bhadra Sales Pvt. Ltd, he has to show that the material purchased were consumed from the manufacturing of the assessee. In case, the assessee proves that these items are consumed, no disallowance can be made. In term of the above, the matter is restored back to the file of the AO. Appeal of the assessee is allowed for statistical purposes.
|