2021 (8) TMI 275

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....9;the CIT(A)"] dated 24/07/2019 for the assessment year 2009-10. 2. The brief facts of the case as emanating from records are: The assessee is engaged in manufacturing of Air Conditioner condensers and cooling coils. The assessment in the case of assessee for assessment year 2009-10 was reopened on the ground that the assessee has indulged in obtaining bogus purchase bills from suspicious dealers....

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....e assessee to prove genuineness of purchases and authenticity of aforesaid dealers. Notice under section 133(6) of the Income Tax Act, 1961 (in short 'the Act') was issued to the aforesaid vendors, however, the same were received back unserved from postal authorities with remarks 'not known or left'. The assessee could neither produce the dealers, nor confirmations from them. To pr....

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....pening of assessment and addition made on merits and dismissed appeal of the assessee in toto. Hence, the present appeal by assessee. 3. Ms. Smita Verma representing the Department vehemently defended the impugned order prayed for dismissing the appeal of assessee. The Ld. Departmental Representative submitted that the assessee has failed to discharge his onus in proving authenticity of suspiciou....

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.... of books of account. Undisputedly, the assessee failed to discharge his onus in proving genuineness of suspicious dealers and purchases made from them. The Assessing Officer has rejected the books of assessee and thereafter estimated G.P. on bogus purchases. It would be relevant to mention here that the Assessing Officer while estimating G.P. on unproved purchases has neither disturbed the G.P. d....