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2017 (3) TMI 26 - AT - Income TaxAddition made u/s. 69C in respect of bogus purchases - Held that:- AO had not doubted sales (exports) made by the assessee, that he had accepted the book results shown by the assessee, that the payment made by the assessee through banking channels is not in doubt, that there is no evidence of making unexplained investment. Except issuing notice u/s. 133(6) to the suppliers of the goods, the AO has not made any further investigation. The assessee had produced before him the delivery challans, purchase bills and evidence of payment made through banking channels. Thus, the assessee had discharged the initial burden. It was duty of the AO to rebut the evidences produced by the assessee. But, he did not bring anything on record. In our opinion, the FAA had rightly held that the provisions of section 69C cannot be invoked for bogus purchases. In these circumstances, we are of the opinion that his order does not suffer from any legal or factual infirmity. The cases relied upon by him support the view taken by us. Confirming the order of the FAA, we decide the effective ground of appeal against the AO.
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