2025 (11) TMI 457

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....against the order dated 29.03.2023 passed by the NFAC, Delhi for the assessment year 2013-14 on the following grounds:- i) The AO has added of Rs. 15,20,750/- to the appellant's income being sundry debtors not confirmed. The appellant has produced the books of account which the AO has accepted and no sales have been admitted as revenue receipts so by treating sundry debtors as taxable inc....

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.... of Rs. 15,20,750/- being non confirmation by sundry debtors and s. 9,40,000/- being purchases from some unregistered person on the plea that confirmation letter has not been obtained from them. In appeal, Ld. CIT(A) dismissed the appeal of the assessee. Aggrieved, assessee filed the appeal before the Tribunal. 3. None appeared on behalf of the assessee, despite issue of notice of hearing, henc....

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..... sundry debtors have been added to the income because notices u/s. 133(6) sent to them came back. However, due to nature of trades of the assessee, it is not possible to get the address of all its customers. Even if customers give their address, there is no means available to the assessee to ensure that the such addresses were right. Assessee in the nature of its trade, cannot insist for an ident....

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....is allowed. 5. As regards, addition of Rs. 9,40,000/- being a transaction or purchase treated as bogus purchases due to non-furnishing of confirmation of the concerned person is concerned, the AO made an addition of Rs. 9,40,000/- being the amount of old diamond jewellery purchased from Smt. Savitri Gupta against the sale of new jewellery to her. Notice u/s. 133(6) issued by the AO was returned....