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2021 (11) TMI 1100 - AT - Income TaxBogus purchases - AO on account of information received from Maharashtra Sales Tax Authorities - HELD THAT:- There is no other material with the Revenue to corroborate the information so received from the Sales Tax Department in order to make the impugned addition nor established that the so-called bogus purchase or the sum equivalent thereof was returned to the assessee in any manner. It appears from the record that no internal inquiry has been carried out by the Revenue to vouch the fact of bogus purchases. CIT(A) has recorded that the appellant has submitted documentary evidence to establish the genuineness of purchase made from the parties, but the factum of the said billings parties being engaged in the bogus bills was not ruled out. Accordingly, after examining all the facts and circumstances and also relying upon decision on similar issue, he restricted the impugned addition and estimated the same at 10% of alleged bogus purchases - We do not find any infirmity in the approach of the ld.CIT(A) in restricting the impugned additions, and therefore, his order does not warrant our intervention in this score. We confirm the order of the CIT(A) and dismiss this ground of appeal of the Revenue.
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