2022 (5) TMI 1687

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.... wherein the assessee is aggrieved that the ld. CIT(A) has erred in sustaining 100% disallowance on account of bogus purchase, vide order dated 27.08.2021 pertaining to assessment year 2010-11. 2. Brief facts of the case are that assessee in this case is engaged in the retail trading business. 3. The assessment in this case was reopened upon receipt of information from the Sales Tax Departme....

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....the inability of the assessee to produce the suppliers and also lack of other supporting evidence purchases. I find that in this case the sales have not been doubted. It is settled law that when sales are not doubted, 100% disallowance for bogus purchase cannot be done. The rationale being no sales is possible without actual purchases. This proposition is supported form Hon'ble jurisdictional High....