| COURT: | ITAT Jaipur |
| CORAM: | Kul Bharat (JM), Vikram Singh Yadav (AM) |
| SECTION(S): | 143(3), 69C |
| GENRE: | Domestic Tax |
| CATCH WORDS: | Bogus purchases, Bogus Sales |
| COUNSEL: | Dinesh Goyal |
| DATE: | April 10, 2017 (Date of pronouncement) |
| DATE: | April 22, 2017 (Date of publication) |
| AY: | 2007-08 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Bogus purchases: Merely non-appearance of the supplier in absence of any other corroborate evidence cannot be a basis to justify the stand of the Revenue that the transaction of purchase is bogus | |
The only grievance of the Assessing Officer is that the assessee has failed to produce the party so as to establish genuineness of the transaction and secondly, no payment has been made to the party till the year end. The ld.CIT(A) while confirming the disallowance has stated that though confirmation has been obtained from the party, however, a simple confirmation is not sufficient to establish the fact of purchase without elaborating what more is required from the assessee to justify its claim
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