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TMI Blog2016 (11) TMI 793X X X X Extracts X X X X X X X X Extracts X X X X ..... es made from the afore-referred to five creditors, he was found to have taken a self-contradictory stand of accepting the total declared sales of the assessee of over ₹ 2.17 crores, as also the expenses debited to the profit and loss account, which were based on the purchases ordered to be disallowed by him. Tribunal noted that the assessee had fully co-operated in the proceedings before ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e easily been traced. - Decided in favour of assessee - I. T. A. No. 441 of 2014 - - - Dated:- 4-7-2016 - S. J. Vazifdar (ACJ) And Deepak Sibal, JJ. For the Appellant : Tajinder K. Joshi, Advocate For the Respondent : Sachin Bhardwaj, Advocate JUDGMENT S. J. Vazifdar, Actg.C.J. 1. Invoking the provisions of section 260A of the Income-tax Act, 1961 (hereinafter referred t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent appeal, are that the Assessing Officer, after holding that the purchases from five creditors/vendors, the names of whom were tabulated in the assessment order, were bogus, ordered to disallow such purchases made by the assessee from those creditors. For arriving at that conclusion, the Assessing Officer noted that in spite of opportunity granted, none of the afore-referred five creditors/vendo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tal declared sales of the assessee of over ₹ 2.17 crores, as also the expenses debited to the profit and loss account, which were based on the purchases ordered to be disallowed by him. Moreover, the Tribunal noted that the assessee had fully co-operated in the proceedings before the Assessing Officer by giving details of the disputed creditors, but such information was not acted upon by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -tax (Appeals) and the Tribunal had concurrently upheld the assessee's contentions. These decisions essentially determine the questions of fact and we find that out of them, no question of law, much less a substantial question of law, arises, requiring interference on our part and once that conclusion is arrived at by us, the only fate, that the present appeal deserves, is dismissal, which we ..... X X X X Extracts X X X X X X X X Extracts X X X X
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