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2017 (2) TMI 796 - AT - Income TaxAddition u/s 69C - bogus purchases - Held that:- CIT(A) has considered the contention of the assessee that there was no material before the AO to doubt the genuineness of payments made by assessee through bank challan. The ld. CIT(A) has examined the entire transaction and observed that the onus to prove that transaction is genuine is on the tax payer/assessee when he is making the claim when the Department doubted the genuinity on the basis of enquiries conducted by Sales Tax Department. The ld. CIT (A) has observed that AO himself said that doubt is not the quantity of perse but the purchases were billed through bogus purchases. After examining the gross profit declared by the assessee, the ld. CIT(A) sustained the disallowance which was offered by assessee before the Settlement Commission and thus granted partial relief. We have seen that order of CIT(A) is reasoned one and does not require any further interference at our end. Hence, the appeal of the Revenue is dismissed.
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