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2019 (3) TMI 722 - AT - Income TaxBogus purchases - addition @ 12.5% of the bogus purchases - bogus bills - accommodation entries - no actual delivery of goods - notices issued u/s 133(6) were returned back unserved by the postal authorities - ex-parte order - HELD THAT:- Assessing Officer gathered information from the Investigation Wing that certain Hawala Operators were issuing bogus bills and were giving accommodation entries without actual affecting the delivery of goods. The assessee entered into purchase transactions with respect to nine parties mentioned in the assessment order. The notices issued u/s 133(6) of the Act, to the nine parties from whom the assessee claim to have made purchases, were returned back unserved by the postal authorities. The Sales Tax Department also informed that the impugned parties are bogus billers without effecting the delivery of goods. The assessee was asked to produce the necessary evidence for the purchases made from these parties. It was found that the impugned parties are issuing bogus bills. Thus, the Ld.Assessing Officer made the addition. It is further noted that before the Ld. Assessing Officer, the assessee agreed for addition @12.5% which resulted into the addition. Assessing Officer made independent enquiries and thus the genuineness of the transaction could not be established by the assessee, consequently, we find no infirmity in the order of the Ld. Commissioner of Income Tax (Appeals). It is affirmed. - Decided against assessee.
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