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2017 (6) TMI 444 - AT - Income TaxBogus purchases - genuineness of transaction - Held that:- In this case the assessing officer has made the addition due to the reason that the persons to whom the payment for the expenditure were claimed to be made could not be located. Despite several opportunities the assessee has failed to substantiate the claim. Upon assessee's appeal learned CIT-A has obtained a report from the assessing officer. After detailed finding from the assessing officer regarding the additional evidences learned CIT-A has deleted the part of the addition and sustained the rest as the assessee could not substantiate the rest of the claim. In our considered opinion there is no infirmity in the order of learned CIT-A. It is based upon correct appreciation of the facts and the evidences brought by the Assessing Officer on record. Hence we uphold the order of learned CIT-A. - Decided against assessee.
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