9911796707
TMI Blog2019 (12) TMI 317X X X X Extracts X X X X X X X X Extracts X X X X ..... thout actual purchase of material keeping in view the assessee s nature of business. Undisputedly the assessee was in possession of primary purchase documents and the payments to the suppliers were through banking channels. However, at the same time, the assessee failed to produce any of the suppliers to confirm the transactions. The onus casted upon assessee, in this regard, remained undischarged ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the sole issue that arises for our consideration is addition on account of alleged bogus purchases. 2. None has appeared for assessee and no valid adjournment application is on record. Left with no option, the matter is proceeded with ex-parte qua the assessee on the basis of material on record and after hearing learned departmental representative, who supported the order of Ld. AO. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order. Accordingly, the case was reopened as per due process of law vide issuance of notice u/s 148 on 25/03/2014 which was followed by statutory notices u/s 143(2) 142(1) wherein the assessee was directed to substantiate the purchase transactions. 3.3 Although the assessee defended the purchases by filing various documentary evidences, but notices issued u/s 133(6) to confirm the tran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the suppliers were through banking channels. However, at the same time, the assessee failed to produce any of the suppliers to confirm the transactions. The onus casted upon assessee, in this regard, remained undischarged. Therefore, the said factual matrix was a fit case for estimation of income against suspicious purchases made by the assessee. Keeping in view the assessee s nature of business, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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