2021 (5) TMI 774

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.... AM Assessee by: None Revenue by: Shri T.S. Khalsa- Ld. Sr. DR ORDER PER BENCH 1. Aforesaid appeals by revenue for Assessment Years [in short referred to as 'AY'] 2009-10 & 2010-11 contest separate orders of learned first Appellate Authority. However, the facts as well as issues are identical in both the appeals and therefore, the appeals were heard together and are now being dispos....

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....e engaged in the business of civil construction under proprietary concern namely M/s. Poonam Construction. 4. Pursuant to receipt of certain information received from Sales Tax Department, Maharashtra, it transpired that the assessee made aggregate purchases of Rs. 49.72 Lacs from 9 suspicious dealers, the details of whom have already been extracted in para-4 of the assessment order. Accordingl....

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....tary evidences furnished by the assessee in support of these transactions. The evidences furnished by the assessee were subject to remand proceedings, wherein the Ld. Assessing Officer reiterated that the notices issued to the parties remained unserved by the postal authorities and the assessee failed to produce the parties for substantiating the transactions. After going through the facts of the ....

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....ere evidenced by copies of invoices and the payments were through banking channels. The confirmation of accounts as well as PAN of the suppliers was duly furnished. The sales turnover achieved by the assessee was not disputed by Ld. AO. At the same time, the assessee failed to produce any of the suppliers for confirmation of accounts and notices issued u/s 133(6) did not elicit satisfactory respon....