2021 (3) TMI 162

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....05-2019 of learned Commissioner of Income Tax (Appeals)-8, Mumbai for the assessment year 2010-11. 2. The solitary dispute in the present appeal is with regard to partial relief granted by learned Commissioner (Appeals) in the matter of addition made by the Assessing Officer on account of non genuine purchases. 3. Briefly the facts are, the assessee is a resident company and is engaged in ma....

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....ng Officer called upon the assessee to prove the genuineness of purchases made from M/s. V.V. Corporation. Though, the assessee furnished some documentary evidences to prove the purchases; however, the Assessing Officer was not convinced. Further, he alleged that the notice issued under section 133(6) of the Act to the selling dealer returned back unserved. Thus, ultimately, he treated the purchas....

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....ative and perused the materials on record. Though, it may be a fact that the assessing officer has received information from the sales-tax department that disputed purchases are non genuine and further, the assessee was unable to prove the genuineness of purchases to the satisfaction of the Assessing Officer, however, it is a fact on record that the Assessing Officer has not disputed either the co....