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2016 (10) TMI 318 - AT - Income TaxGP addition - non-genuine and unproved purchase from the parties declared as "Hawala Operator" by the Sales Tax Department of Maharastra State - Held that:- we are of the considered opinion that end of justice will be met whereby further addition of 5% of the alleged bogus purchases of ₹ 95,25,636/- are made to income of the assessee to cover payment of commission in cash by the assessee to these bogus hawala dealers who have provided accommodation entries to the assessee by providing bogus bills whereby cash was returned to the assessee by these 20 dealers after deducting their commission in lieu of cheque given by the assessee which is corroborated by the statement / affidavits of these 9 bogus dealers. We order accordingly. Decision in the case of M/s Prakash Metals [2016 (2) TMI 888 - ITAT MUMBAI] followed - Decided partly in favor of assessee.
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