TaxTMI 
TaxTMI 
2018 (1) TMI 234
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.... by the assessee is directed against the order dated 22.01.2016 passed by Ld CIT(A)-53, Mumbai and it relates to the assessment year 2006-07. The assessee is aggrieved by the decision of Ld CIT(A) in confirming the disallowance of Rs. 15.52 lakhs relating to bogus purchases. 2. The appeal is barred by limitation by 120 days. The assessee has moved a petition requesting the bench to condone the de....
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....it. Accordingly we condone the delay and admit the appeal for hearing. 4. The assessee is an infrastructure developer. Consequent to the information received from the sales tax department that certain dealers are indulging in providing only accommodation bills without actually supplying materials and upon noticing that the assessee has purchased goods to the tune of Rs. 15.52 lakhs from one of su....
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....he Ld CIT(A) was justified in confirming addition of 100% of the value of bogus purchases. 7. We heard the parties and perused the record. We notice that the facts prevailing in the case of NK Proteins Ltd (supra) are totally different and hence we are of the view that the revenue cannot take support of the same. In any case, the decision rendered in each case would depend upon the facts prevaili....