2020 (4) TMI 889

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....evenue is aggrieved that the learned CIT-A has erred in sustaining only 12.5% disallowance on account of bogus purchases, vide order dated 19.09.2018 pertaining to A.Y.2011-12. 2. The assessee in this case is engaged into business of ferrous & non-ferrous metals. 3. The assessment was reopened upon information from swales tax department that assessee has made purchases from bogus dealers. ....

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....rchase cannot be done. The rationale being no sales is possible without actual purchases. This proposition is supported from honourable jurisdictional High Court decision in the case of Nikunj eximp enterprises (in writ petition no 2860, order dt 18.6.2014). In this case the honourable High Court has upheld hundred percent allowance for the purchases said to be bogus when sales are not doubted. Ho....