2024 (5) TMI 297

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.... For the Department : Smt Mahita Nair ORDER PER NARENDRA KUMAR BILLAIYA (AM) 1. This appeal by the assessee is preferred against the order dated 27.09.2023 National Faceless Appeal Centre, Delhi [hereinafter in short "Ld. CIT(A)"] pertaining to A.Y. 2010-11. 2. The grievance read as under: - "1) The Ld. CIT-(A) is erred in confirming the addition of Rs. 63,70,738/- fully as b....

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....No. 3 are not pressed, therefore, the same are dismissed as not pressed. 4. Coming to the merits of the appeal, we find the underlying facts of the impugned addition of Rs..63,70,738/- are that, as per the information received from Sales Tax Department, the Assessing Officer came to know that the assessee has made bogus purchases from parties who are providing accommodation bills. On further pr....

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.... out that the profit margin of the assessee is around 1.35% for the year under consideration. 7. Per contra, the Ld. DR supported the findings of the Ld. CIT(A). 8. We have given a thoughtful consideration to the orders of the authorities below. It is true that the assessee could not establish the identity of the parties and genuineness of the said transactions. It is also true that the asse....