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2017 (6) TMI 9 - ITAT AHMEDABADAddition of bogus purchases - Held that:- The quantitative tally of purchase and corresponding sale of goods alleged to be bogus is not available with exacting specification. The enquiry about the bonafide of the purchase is not established by the CIT(A). The assessee is apparently not interested in defending the appeal of the revenue and revert the allegations of the AO. Consequently, we consider it appropriate that matter be remitted back to the file of the CIT(A) for de-novo consideration of the entire facts in issue after ascertaining the consumption, stock sale qua the purchase under dispute. Accordingly the order of the CIT(A) is set aside in terms of directions noted above. The appeal of the revenue is allowed for statistical purpose.
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