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2015 (9) TMI 372 - AT - Income TaxBogus purchases - non-availability of some companies from whom the assessee had made purchases - Held that:- AO has not doubted the construction made by the assessee. He only doubted the genuineness of the purchases. So, any company which is carrying the construction, it is necessary to buy/ use necessary materials like iron, cement, sand, wood, etc. Without there being any material, the assessee cannot complete the construction work. We find that there is sound reasoning in the submissions of the assessee. Therefore, we set aside the order passed by the ld. CIT(Appeals) and remit the matter back to the Assessing Officer to examine and decide the issue de novo after considering the details filed by the assessee in accordance with law after allowing sufficient opportunity of hearing to the assessee. - Decided in favour of assessee for statistical purpose.
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