TaxTMI 
TaxTMI 
2020 (10) TMI 831
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....ssioner (Appeals) in the matter of addition made on account of non-genuine purchases. 3. When the appeal was called for hearing in virtual court, no one was present on behalf of the respondent assessee to represent the case. There is no application seeking adjournment either. Considering the nature of dispute, we proceed to dispose off the appeal ex-parte qua the assessee after hearing the learned Departmental Representative and on the basis of material available on record. 4. Brief facts are, the assessee, a resident company, is engaged in civil construction, road construction, etc. For the assessment year under dispute, the assessee filed its return of income on 30th November 2015, declaring total income of Rs. 59,08,84,430. Origina....
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....the concerned parties before him. In response to the query made by the Assessing Officer, the assessee furnished all documentary evidences called for, such as, ledger account confirmation of the parties, sample purchase/service invoice, goods received note/delivery challans, store receipts, vouchers, purchase work order issued to the supplier, bank statement, showing payment to the parties, stock statement dealing with the material consumption at the work site, letter of credit and bill of exchange issued in favour of one of the parties, Gaurav Enterprise. Further, the assessee submitted that when the assessee entered into transactions with the concerned parties, they were carrying on regular activities and having valid registration with th....
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....tative and perused the material available on record. As could be seen from the facts on record, though, the Assessing Officer had information available with him to indicate that three parties mentioned above from whom the assessee had claimed to have purchased the goods worth Rs. 7,49,33,848, were identified as hawala dealers and their registration have been cancelled, it is also evident that in course of assessment proceedings, in response to the query raised by the Assessing Officer to prove the purchases, the assessee had furnished all the documentary evidences called for as enumerated elsewhere in the order. It is further evident from the facts on record that the assessee is engaged in the construction of business and the material repre....