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2018 (4) TMI 1180 - AT - Income TaxBogus transaction/bogus purchase - maintenance of books of accounts - not allowing the assessee to cross-examine the witness - Held that:- The assessee under consideration is maintaining proper books of account including cash book, bank book, journal register, stock register and the assessing officer has failed to bring any cogent evidence on record to establish that the purchases made from M/s Sparsh Exports Pvt. Ltd. is not properly recorded in the books of the assessee. The addition made by the Assessing Officer was purely based on the guess work and conjectures, which is not justifiable. Also not allowing the assessee to cross-examine the witness by the adjudicating authority, though the statement of those witness were made, the basis of the impugned order, is a serious flaw of law which makes the order nullity. - Decided in favour of assessee
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