| COURT: | ITAT Mumbai |
| CORAM: | Amit Shukla (JM), B. R. Baskaran (AM) |
| SECTION(S): | 29, 37(1) |
| GENRE: | Domestic Tax |
| CATCH WORDS: | Bogus purchases |
| COUNSEL: | V K Tulsian |
| DATE: | November 5, 2014 (Date of pronouncement) |
| DATE: | November 10, 2014 (Date of publication) |
| AY: | 2009-10 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Purchases cannot be treated as bogus solely on the ground that suppliers are not traceable if the assessee has paid by a/c payee cheques and produced the income-tax and sales-tax documents and bank statements of the suppliers | |
(i) A perusal of the orders passed by the tax authorities would show that they have suspected the genuineness of the purchases only for the reason that the above said five parties were not available in the given addresses. It …
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