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2020 (10) TMI 1144 - AT - Income TaxReopening of assessment - basis of satisfaction recorded by some other authority (i.e. third party) like Sale Tax, Mumbai - Whether No Enquiry by the Assessing officer (AO) - Non recording own satisfaction - bogus purchase of packing materials - HELD THAT:- After going through the judgment passed by the in the case of ACIT vs. Rajesh Jhaveri Stock Brokers Pvt. Ltd. [2007 (5) TMI 197 - SUPREME COURT] we are of the view that the reopening of the assessment on the basis of the specific information is legally valid. - Decided against assessee. Bogus purchases - Assessee has filed all the documentary evidences for the purchase of packaging material from two parties namely (i) M/s DD Corporation and (ii) M/s Amit Trading Co. The assessee has also filed the copy of the purchase bill with challan of both the parties, party confirmation, registration certificate and statement of payment with bank statement which the assessee has already submitted before the AO as well as before the Ld. CIT(A) in the shape of paper book. Assessee has also filed the documentary evidences before us in the shape of paper book mentioned above. Documentary evidences filed by the assessee for substantiating the claim of assessee and establishing the genuineness of purchase of packing material from the afore-mentioned two parties which has not been falsified by the AO by making any enquiry or producing any documentary evidences contrary to the evidences filed by the assessee. Even otherwise, Ld. DR has not filed any contrary evidences before us to falsify the claim of the assessee. - Decided in favour of assessee.
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