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2020 (10) TMI 192 - AT - Income TaxBogus purchases - purchases were made from a Firm whose registration was cancelled - HELD THAT:- HELD THAT:- As decided in VIJAY KUMAR GOEL [2015 (11) TMI 1821 - ALLAHABAD HIGH COURT] sales made by the assessee had been accepted by the assessing officer. We are of the opinion that the once the sales have been accepted, it necessary falls that the assessee had also made purchases and it cannot, therefore, be held that bogus purchases were made. Consequently, the mere fact that purchases were made from a Firm whose registration was cancelled does not mean that bogus purchase were made by the assessee or that the Firm was a non-existing Firm. - Decided in favour of assessee.
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