2021 (6) TMI 971

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....aur Rahman, Member (A) The captioned appeal has been filed by the Revenue challenging the impugned order dated 23rd August 2019, passed by the learned Commissioner (Appeals)-2, Nashik, for the assessment year 2011-12. 2. The grounds of appeal raised by the Revenue are as reproduced below:- 1. On the facts and in the circumstances of the case, and in law, the Ld. CIT(A) has erred in ....

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....s of relevant supporting documents related to movement of goods, stock register, etc. to restrict the addition to 25% of bogus purchases from the non-existent vendors. 4. On the facts and in the circumstances of the case, and in law, the Ld. CIT(A) has erred in not appreciating the law correctly that once the purchases are unverifiable/not genuine/bogus, the same should have been disallow....

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.... the assessee filed its return of income on 9th September 2011, declaring total income of Rs. 1,09,78,070. Subsequently, information has been received from the Sales Tax Department that the assessee has claimed expenses towards purchase during the financial year 2010-11 from M/s. Harish Metal & Tubes of Rs. 32,80,369 and from M/s. Triveni Metal India of Rs. 69,31,546. Hence, the Assessing Officer ....

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....missions of the assessee and held that the assessee has wrongly claimed purchases from the two parties which are hawala entry provider and accordingly total expenses claimed of Rs. 1,02,11,915, was added to the total income of the assessee. Aggrieved by the addition made by the Assessing Officer, the assessee carried the matter in appeal before the first appellate authority. 4. The learned Comm....