TaxTMI 
TaxTMI 
2015 (9) TMI 1628
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....ees Nine Lac, Fourteen Thousand Five Hundred Sixteen Only) from 11 sundry creditors were bogus and thereby upheld the addition made by the A.O. of Rs. 9,14,516/-. 2. The brief facts of the case are: during the processing of income tax return filed by the assessee for the Assessment Year 2006-07, declaring an income of Rs. 1,38,320/-, the case was put under scrutiny through CASS and consequently, notice u/s 143(2) dated 19.10.2007 was issued. The assessee attended the assessment proceedings from time to time and claimed his sundry creditors to the following effect:- 1 M/s. Mayur Electronics Rs.28,159/- 2 M/s. Verma Engineering Works Rs.1,59,955/- 3 M/s. S.L.B. Exports Ltd. Rs.48,430/- 4 M/s. J....
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.... Rs.1,59,955/- 3 M/s. N.K.A. RCC Pipes Sup. Rs.2,57,283/- 4 M/s. Ved Generators Rs.1,49,377/- 5 M/s. Katyal B.M.S. Rs.18,750/- 6 M/s. R. K. Enterprises Rs.83,326/- 7 M/s. Natraj Sanitary & P Rs.68,354/- 8 M/s. Rajni Build. M. Sup. Rs.4,500/- 4. The assessee has also furnished some copies of bills in support of claim of creditors but the copies of bills pertaining to M/s. Ved Generators, Sumit Katyal and N. K. Agarwal do not reflect charging of interest nor any such instruction have been given. Consequently, A.O. arrived at the conclusion that Inspector of Income Tax of the concerned ward be deputed for inquiry report of M/s. R, J, Enterprises Verma Engineering works, Natra....
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.... existing and confirmations made by eight sundry creditors were found to be stereotyped, nor any material has been placed on record to support the confirmations, the assessee has no liability towards the said eleven creditors and the claim of Rs. 9,14,750/- was bogus one and the A.O. has rightly made the addition of Rs. 9,14,750/- and prayed for dismissal of the present appeal of the assessee. 9. Undisputedly, M/s. J. K. Tubes and S.L.B. Exports Ltd. have denied the claim of transaction with the assessee whereas, remaining nine parties were called upon to supply the information during assessment proceedings and remand proceedings u/s 133(6) of the Act. However, the notices sent to them have been received back unserved a....
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....-122001. Returned back unserved by the postal authorities. 9 Shri H S Walia Prop. M/s Walia Steel Works & Steel by the Fabricators, Palam Vihar, Polom-Delhi Road, Gurgaon, Haryana Returned back unserved by the postal authorities. 10. We have heard authorized representatives of the parties to the appeal and gone through documents placed on record in the light of the facts and circumstances of the case. 11. Keeping in view the undisputed fact that the assessee has placed before Assessing Officer the confirmations made by his nine sundry creditors as required u/s 133(6) of the Act, documents relied upon by the parties and submissions made before the Bench, we are of the considered view that Ld. CIT....