2025 (4) TMI 2074

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....s assailing validity of assessment order u/s.147 r.w.s. 144B of the Income Tax Act, 1961 (hereinafter referred to as 'the Act'). 3. Shri D.K. Anand, appearing on behalf of the assessee at the outset made statement at Bar that he is not pressing jurisdictional issue in ground no.1 of appeal challenging validity of assessment order. In view of statement made by ld. AR of the assessee, ground no. 1 of appeal is dismissed as not pressed. 4. Ground no. 2 and 3 of appeal are taken up together as they relate to single issue i.e. addition of Rs. 14,83,879/- on account of bogus purchases. The ld. AR of the assessee submits that the assessee is engaged in the business of manufacturing cooper wire under the sole proprietorship business in the na....

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....dated 23.03.2023 passed u/s. 147 r.w.s 144B of the Act, the assessee filed appeal before the CIT(A). The CIT(A) vide impugned order dismissed appeal of the assessee and upheld additions made in assessment order. Hence, present appeal by the assessee. 4.1. The ld. AR of the assessee submits that in order to substantiate genuineness of purchases, the assessee had placed on record copy of invoice (at page 3 of the paper book), copy of stock register, books of account etc. The AO accepted the same and has not pointed any defect in any of the documents furnished by the assessee. The assessee has also placed on record annual report of M/s. RCI Industries and Technologies Ltd. at pages 19 to 22 of paper book to show that the said company is ver....