2019 (8) TMI 1634

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ingh, This appeal of assessee is arising out of the order of the Commissioner of Income Tax (Appeals)]-2, Thane, [in short CIT(A)], in ITA No. CIT(A)-564/2015-16 dated 27.03.2018. The Assessment was framed by the Asst. Commissioner of Income Tax, Circle-3, Thane (in short ACIT/ AO) for the A.Y. 2009-10 vide order dated 27.02.2015, under section 143(3) read with section 147 of the Income-tax Act....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... to appreciate the Appellant had incurred losses during the year more than the alleged bogus purchases and even the carried forward losses of the year were not utilised for set off subsequently, and it lapsed, hence there was absolutely no necessity or any reason for the Appellant to indulge in activity of bogus purchases as alleged by the department. 3. Without prejudice to the above gro....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... document such as octoroi receipt, transportation details etc. were produced. Therefore, the AO made the entire bogus purchases as bogus and added under section 69C of the Act amounting to Rs. 21,03,678/-. Aggrieved assessee preferred the appeal before CIT(A). The CIT(A) confirmed the addition on the basis that the assessee is unable to prove the consumption of the items because the assessee is a ....