9911796707
TMI Blog2025 (1) TMI 1527X X X X Extracts X X X X X X X X Extracts X X X X ..... reasons as stated in the condonation petition duly supported with affidavit, the bench considered the delay to be attributable to the reasons which were cogent, bonafide and genuine. Accordingly, the delay for 81 days is condoned and appeal is taken for adjudication. 03. The only issue raised in the various ground of appeal is against the deletion of addition of Rs.2, 45, 59, 316/- by the ld. CIT (A) as made by the ld. AO u/s 68 of the Act in respect of bogus purchases. 04. The facts in brief are that the assessee has filed the return of income, declaring total income at Rs.15, 43, 88, 000/-, which was processed u/s 143(1) of the Act. The case of the assessee was selected for complete scrutiny and accordingly, statutory notices were duly ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentary evidences and made an addition of Rs.2, 45, 59, 316/- thereby adding the entire purchases. 05. In the appellate proceedings, the ld. CIT (A) after taking into account the submissions and the contentions of the assessee allowed the appeal of the assessee by holding that the ld. AO has not considered the documents and information furnished by the assessee regarding identity, genuineness and creditworthiness of the creditors, whereas the assessee had duly discharged its onus cast upon him u/s 68 of the Act. The ld. CIT (A) after considering the submissions of the assessee which is reproduced from page no.4 to 23, observed that the assessee furnished all the information and evidences before the ld. AO and the ld. AO has not carried out ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d trhus furnished all the evidences. The details are available in the paper book from page no.41 to 125. Similarly, in the case of Srawan Kumar Agarwal (Prop. Of Shyam Grain Agencies), all the evidences were filed before the AO which are available in the paper book from page no.135 to 248 of the Paper Book. Thus, it is evident from the above that AO instead of carrying out any meaningful enquiry into these transactions has merely concluded that the assessee has not filed any evidences before the ld. AO whereas as a matter of fact all materials/evidences were available before the ld.AO. The ld CIT(A) has minutely dealt with the all these evidences in the appellate order. Therefore, we do not find any infirmity in the order of the ld. CIT (A) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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