2025 (8) TMI 427

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....llowing a purchase amount, which has not been reported as bogus in nature. 2. The assessee is a trader in gift articles. The AO received information that the Maharashtra Sales tax department has found that certain businessmen are indulging in providing only accommodation sales bills without actually supplying the materials. It was noticed that, during the year under consideration, the assessee has purchased goods from following six parties, who were identified as accommodation bill providers:- Sr. No. Name of the Party who has issued bogus bills to the assessee Amount of such bogus bills in Rs. 1 Dhruv sales corporation 6,07,157 2 Repute Enterprises 3,20,852 3 V.S. Enterprises 3,12,000 4 Palak En....

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....The AO, however, did not agree with the above said contentions. The AO also noticed that the assessee has furnished all the documents to prove the purchases, quantity details and also reconciled the purchases with corresponding sales. However, since the assessee could not furnish the current addresses of the above said parties, the AO took the view that the purchases aggregating to Rs. 63,85,957/- are bogus in nature and accordingly disallowed the same u/s 69C of the Act. The Ld CIT(A) also confirmed the same and hence the assessee has filed this appeal. 4. We heard the parties and perused the record. The Ld.AR submitted that the AO has identified only six parties as accommodation entries providers and the assessee had purchased goods to....