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2015 (4) TMI 708 - AT - Income TaxVerification of expenditure - Parties not available for verification does not means purchases are bogus - AO failed to prove non genuineness of purchases - Held that:- The DR merely relied on the order of the Assessing Officer. He could not point out any specific mistake in the above quoted order of the Commissioner of Income-tax (Appeals). In absence of the same, we do not find any good and justifiable reason to interfere with the order of the Commissioner of Income-tax (Appeals) which is confirmed and this ground of appeal of the Revenue is dismissed.In the result, the appeal of the Revenue is dismissed.” Nothing contrary was brought to our knowledge on behalf of Revenue. Facts being similar so following same reasoning, we are not inclined to interfere in the finding of CIT(A) who has rightly granted relief to the assessee whereby deleting addition of ₹ 95,01,945/- on account of expenses for purchase of grey clothes. - Decided against the revenue.
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