2025 (4) TMI 2304

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... For the Revenue : Ms. Neha Sahay, JCIT(DR)(ITAT), Bangalore. ORDER PER LAXMI PRASAD SAHU, ACCOUNTANT MEMBER : This appeal is filed by the assessee against the Order of National Faceless Appeal Centre (NFAC) vide DIN and Notice No. ITBA/NFAC/S/250/2024-25/1066076044(1). 2. Briefly stated, the facts of the case are that the assessee filed return of income on 17.07.2018 declaring income ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... assessee dated 23.10.2019, assessee has admitted that she has already paid amount of ITC of Rs. 14,05,083/- on account of bogus ITC claim. It clearly shows that assessee is engaged in showing bogus purchase for claiming income tax credit. Therefore, the possibility of not showing of sales could not be ruled out. Accordingly, the entire bogus purchase of Rs. 70,39,282/- was added back to the total....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....per discussion of para 3.1 of the Assessment Order, the AO added the entire amount of Rs. 14,05,083/- as income of the assessee and resultantly the total income was determined at Rs. 90,93,405/-. 3. Against the Assessment Order, assessee filed appeal before the CIT(A). The CIT(A) upheld the Assessment Order. 4. Aggrieved from the above Order, assessee filed appeal before the Tribunal. The le....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he entire sales amount should have been added because it is receipt of the assessee which is not disclosed anywhere in the income tax return filed by the assessee. The assessee is unable to demonstrate that those sales/ receipts which are not recorded in the books have been utilised for the purchase of goods for such sales. Even during the course of assessment proceedings, assessee has not accepte....