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2020 (4) TMI 406 - AT - Income TaxReopening of assessment u/s 147 - addition u/s 69C - Bogus purchases - HELD THAT:- Despite giving notice none appeared for the assessee and there is no adjournment application filed before us. After going through the assessment order and CIT(A), we find that the AO observed that summons u/s 131 was responded and the confirmation and explanation was given by describing state wise procedure for providing bogus purchase bill/accommodation entry. AO has taken cognizance of the documents/evidences produced by the assessee during the assessment proceedings. During the assessment proceedings no books of accounts were produced by the assessee and no explanation was offered as regards bogus purchase of ₹ 7,44,644/-. Therefore, AO has rightly made addition u/s 69C read with Section 4, 5 and 14 of the Income Tax Act, 1961. The CIT(A) also confirmed the addition after going through all the evidences produced by the assessee before the Revenue authorities. The assessee failed to establish the bogus purchases. Therefore, there is no need to interfere with the findings of the CIT(A). Hence, appeal of the assessee is dismissed.
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