2025 (10) TMI 213

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....r Dhanesta, Sr. DR ORDER PER YOGESH KUMAR, U.S. JM: The present appeal is filed by the Assessee against the order of Ld. Commissioner of Income Tax (Appeals/ National Faceless Appeal Centre ('Ld. CIT(A)/NFAC' for short), New Delhi dated 10/02/2025 pertaining to Assessment Year 2018-19. 2. Brief facts of the case are that, the Assessee being a proprietor of M/s M J Paper India, filed re....

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.... purchases. At no point of time, the A.O. doubted the sales affected by the Assessee thus it can be inferred that without corresponding purchases been affected, the Assessee could not have made the sales. Further submitted that, both the A.O. as well as Ld. CIT(A) have relied on the information from the GST return of a third party and treated the purchases of the Assessee are bogus. The Ld. Counse....

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....d also found fault with the same. Further found that Ld. A.O. made addition based on the GST Department Information by treating the purchase as bogus. However, the Ld. CIT(A) restricted the addition to 12.5% of such purchase. 7. It is the specific contention of the Assessee that the total purchase made form M/s Jai Bhagwani Sales during the Financial Year 2017-18 was Rs. 30,42,821/- and not the....