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2013 (10) TMI 323 - GUJARAT HIGH COURTAddition on account of bogus purchases – Held that:- As per the quantity details to Tax Audit Report in form No. 3 CD as appearing on the paper book, it is seen that there is discrepancy of 104500 kg. even after considering this claim of the assessee that the assessee has already taken the income on account of sale of the scrap to the extent of 105500 kg. for the value not shown before us. The assessee has not submitted a copy of the trading and profit and loss account to show that the assessee has credited sale proceeds of 105500 kg. of metal scrap for which it is an allegation of the Excise Department that such sale was made by the assessee without paying Central Excise duty but even if accepted this claim of the assessee because the same was accepted by the authorities below, there is still a difference of 104500 kg. of metal scrap as per the quantity details submitted by assessee and hence, no infirmity in the order of the Ld.CIT(A) wherein it was held by him that the claim of the assessee regarding purchase for trading to the extent of 105000 kg. is bogus – No evidence is brought on record – Decided against the Assessee.
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