2025 (10) TMI 1015

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.... This appeal by the assessee is emanating from the order of the NFAC, Delhi in Appeal No. ITBA/NFAC/S/250/2025-26/1079073796(1) dated 30.7.2025. Assessment was framed by the Assessing Officer of National Faceless Assessment Centre, Delhi u/s. 147 read with section 144B of the Income Tax Act, 1961 (hereinafter referred as 'the Act') for the assessment year 2018-19 vide its order dated 20.03.2014....

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....g Company, who is providing bogus bills to various entities including assessee. Therefore, the assessee's case was reopened by issuing notice u/s. 148 of the Act dated 09.04.2022. In response to the notice assessee filed its return of income on 14.05.2022. Subsequently, AO issued notice u/s. 142(1) of the Act vide which the assessee was requested to provide replies to various queries. Again, notic....

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....nt payable at the end of the financial year." The Assessee submitted bank statements, invoices issued by Balaji Trading Company and also submitted that the assessee had made the payments of purchase through banking cheques and received payment on sales by cheques. First of all, it was also contended by the assessee before the AO that all the sales and purchases are vouched, payments made to Bal....

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....IT(A)/NFAC, Balaji Trading Company has not given any response which proves that Balaji Trading Company is a non-existing firm, therefore, he confirmed the addition. 5. I noted that assessee has filed invoices of Balaji Trading Company and also submitted the invoices of transportation undertaken on cycle rickshaw and also maintained stock registers. Even, neither the AO nor the CIT(A) has doubte....