Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (4) TMI 1792 - HC - Income TaxAddition u/s 69C - Tribunal deleted the addition, inter alia, on the grounds that the Assessing Officer relied only on the material collected by the Sales Tax Department - HELD THAT:- No independent evidence that the assessee’s suppliers were not genuine. The assessee had also pointed out that the payments were made through cheque and further the department has accepted the sales out of the purchases made by the assessee. On such grounds CIT (Appeals) and Tribunal were of the opinion that the Assessing Officer was not justified in invoking section 69C. We do not find any error in view of the Tribunal. Findings of the facts are concurrent. Entire issue is based on appreciation of evidence on record.
|