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2016 (4) TMI 75 - AT - Income TaxBogus purchases - assessee submitted that the ld Assessing Officer had not rejected the books U/s 145(3) while enhancing the operating result through disallowance of the entire purchases - Held that:- By considering the smallness of amount of purchase of X-ray films and the Assessing Officer allowed the depreciation of X-ray machine, it is but natural that the assessee had purchased X-ray films. It is a fact that even before us, the assessee has not furnished any purchase bills but in the interest of justice, we allow the assessee’s appeal on this ground. - Decided in favour of assessee Addition U/s 68 - Held that:- we observe that the lower authorities have shown these amounts as credited in the books of account, nowhere, the assessee claimed that these amounts pertained to purchase made by the assessee. The summons issued by the Assessing Officer but had not served on the assessee. The AR of the assessee has not controverted the finding given by the ld CIT(A). The case law referred by the assessee is not applicable on the facts of the case of the assessee. - Decided against assessee
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