2022 (5) TMI 675

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dent : Shri R.R. Makwana, Sr.D.R. ORDER PER : ANNAPURNA GUPTA, ACCOUNTANT MEMBER:- The present appeal has been filed by the Assessee against the order passed by the Commissioner of Income Tax (Appeals)-6, Ahmedabad, (in short referred to as CIT(A)), dated 26-06-2019, u/s. 250(6) of the Income Tax Act, 1961(hereinafter referred to as the "Act") pertaining to Assessment Year (A.Y) 2016-17. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s. 25,0,3,321/- from Aarti Jewellers and , Prakash Gold as bogus purchases and thereby making an addition of Rs. 25,0,3,321. 2.2 That in the facts and circumstances of the case as well as in law, the Id. CIT(A) ought not to have upheld the purchases aggregating to Rs. 25,0,3,321/- from Aarti Jewelers and Prakash Gold as bogus purchases and thereby confirming an addition of Rs. 25,0,3,321.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ors by the A.O. who had also noted the fact that the liability in the case of M/s. Prakash Gold had been carried forward from assessment year2014-15 and thereafter there was no transaction in the said account. The balances in the case of Aarti Jewelers pertained to purchases of Gold made during the impugned year. Both these balances were held to be bogus entries and addition made to the income of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ted by the assessee during the assessment proceedings in the case of Aarti Jewelers without mentioning address and PAN. Therefore, this office vide notice u/s. 142(1) and show cause notice requested the assessee to furnish address and PAN of Aarti Jewelers but till dated assessee has failed to furnish the details called as above. Therefore, it is clear that liability of Aarti Jewelers of Rs. 12,98....