2017 (6) TMI 64

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....onfirming the addition on account of bogus purchases to the extent of 100% of such purchases. 3. Rival contentions have been heard and record perused. 4. Briefly facts of the case are that in this case the returns of income, declaring income of Rs. 2,31,890/- (in A.Y. 2009-10), Rs. 4,07,350/- (in A.Y.10-11) & Rs. 5,43,070/-(in A.Y.11-12) were tiled on 22.09.2009, 27/09/2010 & 29/09/2011, respectively. During A Yr 2009-10, a revised return declaring same income i.e. Rs. 2,31,890/- was filed on 04.10.2009. Subsequently, information from the sales tax department were received by the AO that the assessee had booked the bogus purchases, therefore, the cases of the assessee were reopened, after recording necessary reasons/satisfaction and t....

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.... parties on the basis of investigation carried by Sales Tax Department. The A.O. has also relied on statements of persons whose cross examination has not been provided to the Assessee. During the course of assessment proceeding for A.Y.2009-10 the A.O. asked the Assessee to substantiate purchase of the goods from the following parties. Sr. No. Name of the Party Amount in Rs. 1 Shantinath Corporation 15,444/ - 2 Navdeep Trading Corporation 10,192/- 3 N.B. Enterprises 32,398/- 4 Payal Enterprises 2,01,540/- 5 Sheetal Trading Co., 2,30,110/-   8. According to the A. O. as per the information received from the Sales Tax Department, these parties had indulged in issuing bills witho....