2025 (7) TMI 1168

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....r referred to as "the Act" for short) for the Assessment Year (AY) 2018-19. 2. The assessee has raised the following grounds of appeal: "1. The learned Assessing Officer has erred in making an addition of Rs. 16,28,644/ u/s 69C of the Income Tax Act, 1961, alleging bogus purchases without proper appreciation of the documents and evidence submitted by the appellant. 2. The learned CIT(A) erred in holding that there was no sufficient cause for delay in filing the appeal without making a proper inquiry into the facts and circumstances of the case. 3. The appellant prays that the delay in filing the appeal before the CIT(A) be condoned and the matter may kindly be restored back to the file of the CIT(A) for adjudication on merits, in the....

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.... Enterprise and Raghav Traders. These details were submitted to the Assessing Officer through a paper book uploaded on 17.02.2023. The Ld. AR submitted that a perusal of the documents, including the bank statements submitted, clearly substantiates the genuineness of the purchases. The Ld. AR contended that the books of accounts of the assessee are duly audited by accountant, the purchases are subject to VAT regime and payments have been made by banking channel. The Ld. AR also submitted that the Assessing Officer has accepted sales offered by the assessee and has not questioned the purchases claimed by the assessee. The Ld. AR therefore requested that, in view of the above facts, the addition made by the Assessing Officer may be deleted. 6....