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2021 (1) TMI 529 - AT - Income TaxBogus purchases - CIT-A sustaining an addition by estimating 12.5% of the alleged purchases on the ground that the parties were not produced and grossly ignoring the explanations, submissions and material placed on record - HELD THAT:- As evident that the assessee remained unsuccessful in discharging the burden of establishing the genuineness of the purchases. Notices issued u/s 133(6) elicited no response and the assessee failed to produce even a single supplier to confirm the transactions. Therefore, the lower authorities had no option but to make estimated additions against these suspicious purchases. No new material has been adduced by the assessee before us that would warrant us to deviate from the findings of lower authorities. We confirm the estimation of 12.5% as made by Ld. AO. The grounds thus raised stands dismissed. The assessee, in one of the ground, has asserted that no opportunity of cross-examine the suppliers was provided to the assessee. However, we find that the initial onus was on assessee to produce the suppliers and therefore, this plea cannot be given much weight.- Decided against assessee.
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