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2019 (7) TMI 305 - HC - Income TaxUnexplained purchase - alleged that purchase is not genuine and made from bogus biller/ accommodation entry provider - seller was declared defaulter by the Sales tax department - source of expenditure in purchasing the goods was explained - HELD THAT:- It can, thus, be seen that the Commissioner (Appeals) and the Tribunal concurrently came to the factual finding that the Department has no independent material to come to the conclusion that the purchases made by the assessee of gold and silver were either nongenuine or that the same were made out of assessee’s known source. As noted by the Commissioner (Appeals), the purchases were made through banking channel. The Assessing Officer had not rejected the books of accounts of the assessee. - Being a pure question of fact, no question of law arises.
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