2012 (2) TMI 69

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....p; O R D E R   PER Dr.O.K.NARAYANAN, VICE-PRESIDENT:   This appeal is filed by the assessee. The relevant assessment year is 2004-05. The appeal is directed against the order of the Commissioner of Income-tax (Appeals)-V at Chennai dated 21.01.2010. The appeal arises out of the assessment completed under sec. 143(3) of the Income-tax Act, 1961. 2. The first issue raised in the appeal....

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.... from one Mr. Kumaresan. The assessing authority has accepted both the above purchases as genuine. The assessee has made purchases worth Rs. 24,69,070/- from sundry parties which were disallowed by the assessing authority as bogus. The main reason for disallowance is that the majority of the invoices were selfmade vouchers. Many of the vehicles which were reflected in the vouchers were found to be....

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....re purchase made from the sundry parties has to be disallowed, as done by the assessing authority, the quantum of purchase of firewood available with the assessee would be quite insufficient to meet its operational requirements. Secondly, in the matter of purchase of firewood etc., there is every chance for making local purchase off and on, for which foolproof and formal documentary evidences in t....