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2018 (7) TMI 873 - AT - Income TaxBogus purchases of diamonds - Addition based on the information from Investigation Wing - Held that:- AO has disallowed the purchases merely based on the information from Investigation Wing without making further enquiry. Even assessee was not given opportunity to cross examine the entry provider. There is no material brought by the AO on record to show that the assessee has made bogus purchases. AO failed to establish that the assessee has made bogus purchases by bringing documentary evidence on record and, also, assessee was not given opportunity to cross-examine the entry provider. Therefore, we set aside the order of the CIT(A) and direct the AO to delete the addition made on account of purchases. Accordingly, the grounds raised by the assessee are allowed.
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