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2013 (11) TMI 480 - AT - Income TaxDisallowance made on account of bogus purchases - Disallowance to the tune of Rs. 13,19,645/- - Held that:- Reliance has been placed on the judgment in the case of Vijay Proteins Ltd Vs ACIT [1996 (1) TMI 144 - ITAT AHMEDABAD-C] where the assessee had failed to produce the alleged suppliers, brokers and transporters or any other evidence to prove the genuineness of transactions purchases, co-ordinate bench of Hon’ble Tribunal had held the purchases to be bogus and 25% of the purchase amount was disallowed. In the present case, facts are identical to that of Vijay Proteins [1996 (1) TMI 144 - ITAT AHMEDABAD-C] - Assessee has not furnished the names, addresses of suppliers or brokers nor has it furnished the relevant evidences called for by the Assessing Officer and thus could not discharge of the onus of proving the genuineness of purchases - Directed the disallowance to 25% of purchases instead of the total purchases made by the AO.
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