2025 (9) TMI 1024

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.... DR ORDER PER SUCHITRA KAMBLE, JUDICIAL MEMBER: This appeal is filed by the Assessee against the appellate order dated 04.03.2025 passed by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre(NFAC)Delhi, relating to the Assessment Year 2009-10. 2. The facts of the case are that the assessee is engaged in the business of selling earth moving cranes and also repairin....

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....s i.e. 16.06.2025, a notice was issued to the assessee, on 30.07.2025, the representative of the assessee Shri Akash Gupta, appeared and sought adjournment on 06.08.2025. The Ld. Counsel was directed to furnish copy of the purchase order to establish that assessee had offered additional profit on the alleged non genuine purchase. Thus, despite giving one-month time, the assessee's authorized repre....

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....om goods and materials were sourced were identified by Maharashtra Vat Department on its Official website as parties involved in bogus bills and hawala transactions. The Assessing Officer at the time of the assessment proceedings has called upon assessee to furnish addresses of these parties, copies of purchase bills, corresponding sales, consumption of goods, stock register and bank statements de....

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.... e. Samarth Trading Company f. National Trading Company g. M.R Corporation 6. We have heard both the parties and perused all the relevant material available on record. It is pertinent to note that the information from the Sales Tax Department which was received by the Income Tax Department categorically stated that this business activities either was closed down or were on....