2020 (11) TMI 342

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....ccountant Member ) 1. Aforesaid appeal by revenue for Assessment Year [in short referred to as 'AY'] 2009-10 contest the order of Ld. Commissioner of Income- Tax (Appeals)-26, Navi Mumbai [in short referred to as 'CIT(A)'], Appeal No. CIT-26/IT/231/2015-16 dated 25/02/2019 in restricting certain addition on account of alleged bogus purchases to 12.5% of total bogus purchases of Rs. 52,97,038/- 2....

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....The details of purchases so made have already been extracted in para-3 of the assessment order. Although the assessee filed copies of bills, ledger account of parties & relevant bank statements to support these transactions, however, notices issued u/s. 133(6) to confirm the transactions remained un-served. The assessee could not produce any of the parties. Therefore, a conclusion was drawn that t....