TaxTMI 
TaxTMI 
2013 (5) TMI 864
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....vir Singh (Judicial Member) This appeal by revenue is arising out of order of CIT(A)-XX, Kolkata in Appeal No. 278/CIT(A)-XX/Cir-33/09-10/Kol dated 11.03.2010. Assessment was framed by DCIT, Cir-33, Kolkata u/s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as "the Act") for Assessment Year 2007-08 vide his order dated 15.12.2009. 2. The only issue in this appeal of revenue is agai....
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....,33,468/- during the year. AO during the course of assessment proceedings identified 29 suppliers for verification of purchases and accordingly, notices u/s. 133(6) of the Act was issued. According to AO these notices returned unserved by postal authority and assessee also produced these suppliers for verification of purchases. According to assesee, the suppliers were illeterate and they carried o....
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....ather. The sales of such finished leather are recorded ín the books of account, which has been accepted by the AO. The quantitative details of raw material and finished goods are maintained by the appellant, and, also form part of the Tax Audit Report. The facts are not disputed by the AO. The AO has not pointed out any specific defects in the books of account. The AO has also not found any....
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....fied in treating the purchases as bogus. The addition of ₹ 46,77,880/- is deleted. Ground no. 4 & 5 are allowed." Aggrieved, revenue is now in appeal before us. 3. Before us, Ld. Sr. DR relied on the assessment order whereas Ld. counsel for the assessee relied on the order of CIT(A). We find that the CIT(A) has gone into the fact that the purchases are supported by proper bills and duly r....