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2017 (11) TMI 998 - AT - Income TaxAllowable business expenses - non furnishing of the primary details at any stage of proceedings and infirmities in the documents that were produced at the appellate stage, created a reasonable doubt as to the authenticity of the provision and the expenditure - Held that:- Assessee failed to plead before us any reasons for their inability in securing such evidence at least by now in support of their contentions. All these facts put together, do not inspire any confidence in our mind to believe that when the goods were delivered for a sum of ₹ 20,49,100/-, the assessee does not know the probable value thereof and went on to create the provision for a sum of ₹ 51 lakhs, could not secure the primary evidence even in respect of the expenditure that was booked, and unable to explain why the balance provision for ₹ 30,50,900/- had to be created. All these things show that at the end of the relevant financial year the assessee did not have even the faintest idea as to the probable expenditure that may have to be paid for which the provision has to be created. We, therefore, find that the plea taken by the assessee does not seem to be believable ex facie, as such. With this view of the things, we do not propose to interfere with the findings of the Ld. CIT (A) while dismissing the appeal. We, therefore, find the appeal devoid of merits and accordingly, the same is liable to be dismissed. Appeal of the assessee is dismissed.
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