TaxTMI 
TaxTMI 
2022 (9) TMI 885
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.... Appellate Tribunal ('ITAT') in ITA No. 7603/Del/2017 for the Assessment Year ('AY') 2013-14. 2. Briefly stated, the facts giving rise to the present appeal are that the appellant-assessee who is engaged in the business of trading in chemical products filed his return of income for the relevant assessment year on 30th September, 2013, which was selected for scrutiny assessment leading to the scrutiny of the assessee's sundry creditors. 3. During the course of the scrutiny, the Assessing Officer ('AO') issued notices to four parties who as per the assessee have supplied material to him during the period 2013-14. The AO conducted enquiries to verify the purchases made from the said parties. The AO was not satisfied with the genuineness of p....
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....d in the form of VAT Returns filed by the assessee during the relevant period, which duly reflects the purchases made by the assessee from the said purchase parties. He states that the said purchase parties have VAT registrations. He states that the assessee shall produce the quantitative details of the sales made by the assessee during the financial year itself, which proves the quantum of purchases made by the assessee. 6. He submitted that he is willing to limit his prayer in the present appeal to the extent that the direction of the ITAT in paragraph 7.1 of the impugned order which states that the assessee 'shall' produce relevant purchase parties may be modified to read as 'may', so that if the assessee is unable to trace the said par....
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....to file stock reconsideration statement along with relevant invoices of sales, documents in support of delivery of the goods from purchase parties. 7.1 The assessee shall also produce relevant purchase parties along with their confirmation. The Assessing Officer may carry out inquiries as deemed fit in the facts and circumstances of the case and pass order after providing adequate opportunity of being heard to the assessee. The ground raised by the assessee is allowed for statistical purposes." (Emphasis Supplied) 8. We have heard the learned counsel for the parties. Keeping in view the fact that the purchases in question pertain to FY 2012-13, and it may not be possible for the assessee to locate the said parties, we modify the directi....