2018 (11) TMI 1898

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Jain, A.R. For the Revenue  : Ms. Sunita Billa, D.R. ORDER Per Rajesh Kumar, Accountant Member : The present appeal has been preferred by the assessee against the order dated 27.03.2017 of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2012-13. 2. The issue involved in both the appeals is against the confirmation of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sh the details in respect of M/s. Akshata Enterprises, M/s. Real Traders, M/s. Shakti Trading Co. & M/s. Top Bricks and Sand Suppliers. The AO during the course of assessment proceedings observed that assessee has not purchased any material from the said parties and only availed accommodation bills. The AO also rejected the contentions of the assessee that the income accruing from the said purchas....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ot disputed the consumption of material at all. The Ld. A.R. submitted that during the course of assessment proceedings, the assessee filed necessary evidences such as bills, vouchers, transportation details, vehicle numbers, delivery challan etc. before the AO. The Ld. A.R. submitted that in the case of group company the co-ordinate bench of the Tribunal in the case of Adeshwer Enterprise vs. DCI....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd that undisputedly the assessee has availed bogus bills in respect of purchases from the said parties to the tune of Rs. 28,81,637 for A.Y. 2011-12 and Rs. 5,24,948/- for A.Y. 2012-13. We find that the AO has not disputed the consumption of material in the development of property meaning thereby that assessee might have purchased the goods from the grey market and under these circumstances it is....