2026 (5) TMI 1783

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....IKAS AWASTHY, JM: This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [in short 'the CIT(A)'] dated 26.12.2025, for Assessment Year 2018-19. 2. Shri Naman Gupta, appearing on behalf of the assessee submits that assessment for A.Y. 2018-19 in the case of the assessee was reopened alleging that the assessee h....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s. 144 r.w.s. 144B of the Act, the assessee filed appeal before the CIT(A), but remained unsuccessful. The ld. AR submitted that the CIT(A), in ex-parte proceedings, upheld the addition made by AO. The ld. AR pointed that the supplier of steel, M/s RCI Industries and Technologies Ltd., may have been a defaulter under GST provisions, but that would not make the purchases made by the assessee from t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... making disallowance @12.5% of the purchases made by the assessee from RCI Industries and Technologies Ltd. 5. A perusal of the assessment order reveals that the solitary reason for holding purchases made by the assessee from RCI Industries and Technologies Ltd. as bogus is that the assessee has not discharged onus in proving genuineness of purchases including actual/physical delivery of goods ....