unverifiable purchases *****SLP

[CA.BHUPENDRASHAH]

Where purchases made by assessee-trader were duly supported by bills and payments were made by account payee cheque, seller also confirmed transaction and there was no evidence to show that amount was recycled back to assessee, Assessing Officer was not justified in treating said purchases as bogus under section 69C: SLP dismissed
[2018]
SUPREME COURT OF INDIA
Principal Commissioner of Income Tax, Surat-1

v.

Tejua Rohitkumar Kapadia
arising from THE  TAX APPEAL NO. 691 of 2017  HIGH COURT OF GUJARAT AT AHMEDABAD