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TMI Blog2021 (3) TMI 765X X X X Extracts X X X X X X X X Extracts X X X X ..... chases can be doubted. So ultimately, Ld. A.R. agreed for 8% addition of the total sales amount. We agree with the proposal of 8% of addition. Appeal field by the Assessee is partly allowed. - ITA No. 2165/Ahd/2018 - - - Dated:- 12-3-2021 - Mahavir Prasad , Member ( J ) And Waseem Ahmed , Member ( A ) For the Appellant : Hardik Vora , A. R. For the Respondents : Lalit P. Jain , Sr. D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. 3. It is therefore prayed that the above additions made by the Assessing officer and confirmed by CIT (Appeals) may please be deleted. 4. Appellant craves leave to add, alter or delete any ground(s) either before or in the course of hearing of the appeal. 2. Facts of the case are that as per the information received from Maharashtra Sales Tax Department, in the statement recorded ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ills, confirmation a/cs. From suppliers and copy of payment receipts, delivery challans etc. and Assessing Officer disallowed 25% of the total unverifiable purchases as reasonable amount of disallowance and made disallowance of ₹ 39,64,242/- being 25% of the total purchases made amounting to ₹ 1,58,56,966/-. 3. Thereafter assessee preferred first statutory appeal before the Ld. CIT( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of manufacturing and exports of de-oiled cake, starch, glucose and cotton yarn - Assessing Officer examined various purchases made by assessee and noted that entire purchases made from one 'V' were bogus and added entire amount to total income of assessee - Commissioner (Appeals) was of opinion that purchases were not bogus, he however taxed 25 per cent of amount - Tribunal noted that GP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essee] 6. It is pertinent to note here sales were not disputed by the lower authorities so we just failed to understand how purchases can be doubted. So ultimately, Ld. A.R. agreed for 8% addition of the total sales amount. We agree with the proposal of 8% of addition. 7. In the result, appeal filed by the Assessee is partly allowed in terms and conditions hereinabove. 8. In the result, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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