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2015 (1) TMI 1506 - AT - Income TaxBogus purchases - notice came back unserved from the suppliers after several years of the purchases - HELD THAT:- Assessee has exported the purchases made and the exports have not been disputed. The purchase bills also contained the stamped by Sales Tax Check posts. Revenue is not disputing the quantitative details of opening and closing stock, purchases and sales payments have been made through bank. Hence, merely because notice came back unserved from the suppliers after several years of the purchases made assessee’s purchases cannot be disallowed. Accordingly, we set aside the order of Authorities below and decided the issue in favour of assessee.
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