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2019 (12) TMI 317 - AT - Income TaxReopening of the case - Addition on account of alleged bogus purchases - Although the assessee defended the purchases by filing various documentary evidences, but notices issued u/s 133(6) to confirm the transactions, did not elicit satisfactory response - HELD THAT:- There could be no sale without actual purchase of material keeping in view the assessee’s nature of business. Undisputedly the assessee was in possession of primary purchase documents and the payments to the suppliers were through banking channels. However, at the same time, the assessee failed to produce any of the suppliers to confirm the transactions. The onus casted upon assessee, in this regard, remained undischarged. Keeping in view the assessee’s nature of business, the estimation of 15% as made by Ld. CIT(A) could not be said to be unreasonable from any angle - appeal dismissed - decided against Revenue.
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