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ITAT upholds a 25% disallowance of purchases from a particular supplier after finding the assessee had admitted bogus purchases earlier and failed to discharge the onus to prove genuineness in the impugned year; documents produced were insufficient and veracity could not be verified as the assessee prevented examination of suppliers. ITAT also holds that the first appellate authority erred in appreciating unverified late-filed evidence without affording the AO an opportunity to verify same, observed a breach of natural justice, and restores the related disallowance issue to the file of the AO for verification of all evidences. Separately, the tribunal allows the assessee's ground and deletes an addition of Rs. 12 lakh unsecured loan.
ITAT upholds a 25% disallowance of purchases from a particular supplier after finding the assessee had admitted bogus purchases earlier and failed to discharge the onus to prove genuineness in the impugned year; documents produced were insufficient and veracity could not be verified as the assessee prevented examination of suppliers. ITAT also holds that the first appellate authority erred in appreciating unverified late-filed evidence without affording the AO an opportunity to verify same, observed a breach of natural justice, and restores the related disallowance issue to the file of the AO for verification of all evidences. Separately, the tribunal allows the assessee's ground and deletes an addition of Rs. 12 lakh unsecured loan.
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