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2023 (10) TMI 627 - GUJARAT HIGH COURTRevision u/s 263 - bogus purchases and commission expenses - As per CIT AO has failed to consider that all the purchases made and the commission expenses claimed were not genuine - ITAT allowed assessee appeal - HELD THAT:- AO has made inquiries about the purchases made by the assessee and commission paid to the parties. The A.O. for inquiring into purchases made and commission paid issued notice and in response the assessee furnished bank statement, tax invoices and ledger accounts of the contra parties. CIT has not disputed the existence of the parties and the purchases made or commission paid. No contrary evidence was placed on record to substantiate that the purchases made or commission paid is bogus. No error in the order of ITAT so as to raise any substantial question of law in the present appeal.
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