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TMI Blog2019 (7) TMI 995X X X X Extracts X X X X X X X X Extracts X X X X ..... ctions, we would not like to disturb the same in the present appeal. It is difficult for us to take the view that the findings are based on no evidence or are on misreading of evidence on the basis of which it can be said that the findings are perverse. No substantial question of law as such involved in this appeal. - R/TAX APPEAL NO. 260 of 2019 - - - Dated:- 9-7-2019 - MR J. B. PARDIWA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... account of bogus purchases? 3 It appears from the materials on record that the assessee preferred appeal before the CIT(A) against the order passed by the ITO, Ward1( 2) (4), Ahmedabad, dated 9th March 2015 under Section 143(3) read with Section 147 of the Act assessing the total income at ₹ 71,67,910/as against the return income of ₹ 3,28,170/. The issue in the cas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the sales shown by the appellant. 70% of sales have been made to very. iii) The appellant made payments through a/c payee cheques and there is no evidence to prove that the appellant received back the amount in cash. iv) The statements of these parties were general in nature and name of the appellant was not mentioned in particular. v) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . vs. Nikuni Exismp : 372 ITR 619 6 The Tribunal, while concurring with the finding recorded by the CIT(A), ultimately, held as under: In view of above, we hold that no addition can be made merely on the basis of the statement recorded by the third party statement i.e. Sales Tax Department of Mumbai in the case before us. We also note that the ld. DR at t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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