2021 (5) TMI 251

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....r Aggarwal, Member (A) 1. Aforesaid appeal by revenue for Assessment year [AY in short] 2009-10 contest the order of Ld. Commissioner of Income Tax (Appeals)-12, Mumbai [in short CIT(A)] dated 17/07/2019 which has provided certain relief to the assessee on account of alleged bogus purchases. 2. We have carefully heard the rival submissions and perused relevant material on record. Our adjudic....

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....ntiate the purchases. 3.2. Though the assessee filed ledger extracts, details of payment and copies of invoices, however, it failed to provide transportation details. The notices issued u/s. 133(6) to confirm the transactions did not elicit satisfactory response. Besides the three suppliers, such notices u/s. 133(6) was issued to four other suppliers from whom the assessee had made purchases of....

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....451), Ld. CIT(A) estimated additions of 12.5%. Aggrieved, the revenue is in further appeal before us. It appears that the assessee has accepted the verdict of Ld. CIT(A). 5. Going by the factual matrix as enumerated in the orders of lower authorities, we find that the issue has rightly been clinched in proper perspective by Ld. CIT(A). The Sales Turnover was not in doubt and the assessee was in....