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2019 (2) TMI 1829 - AT - Income TaxBogus purchases - disallowance of 12.5% of the purchases treated as non-genuine - HELD THAT:- CIT(A) sustained the disallowance in view of the fact that the assessee accepted for the disallowance and in which case there is no grievance for the assessee. As relying on RAMESHCHANDRA AND COMPANY VERSUS COMMISSIONER OF INCOME-TAX [1987 (1) TMI 39 - BOMBAY HIGH COURT] where the assessee has made a statement of fact making admission for agreeing for addition/disallowance, assessee could have no grievance if the taxing authority taxes him in accordance with such statement. Therefore, respectfully following the same we uphold the order of the Ld. CIT(A) and reject the grounds raised by the assessee.
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