Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2012 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (7) TMI 219 - HC - Income TaxAlleged bogus purchases on ground of discrepancies in mentioning vehicles nos. on gate pass - question of fact decided in favor of assessee by Tribunal - Held that:- Revenue could not point out any perversity in the finding of Tribunal that production and the sales have not been doubted. Payments were made to the concerned parties through cheque and the delivery of goods was duly taken from the concerned traders. It was also noted that the assessee had adopted the proper procedure for receiving the goods supported by the gate-pass and goods were subject to lab testing, weighment etc. and they were duly recorded in the stock register. The payments were made by account payee cheque which were deposited in the Bank. Thus the issue which Revenue is raising in respect of bogus nature of purchase, is concluded against the Revenue by the finding of fact which has been noted above. The appeal does not involve any question of law and is accordingly dismissed - Decided against Revenue.
|