2021 (6) TMI 389

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..... nt disallowance for bogus purchases cannot be done. The rationale being no sales is possible without actual purchases. This proposition is supported from Hon'ble jurisdictional High Court decision in the case of Nickunj Eximp Enterprises [ 2014 (7) TMI 559 - BOMBAY HIGH COURT] . In this case, the Hon'ble High Court has upheld hundred percent allowance for the purchases said to be bogus whe .....

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..... e wherein the Revenue is aggrieved that the learned Commissioner of Income Tax (Appeals) 12, Mumbai (in short CIT(A) ) has reduced the addition for bogus purchases of ₹ 2,82,844/- done @ 100% by the Assessing Officer by sustaining only 12.5% for the Assessment Year 2010-11 vide order dated 12.04.2019. 2. The assessee in this case is engaged in repairing and maintaining of refrigeration .....

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..... ssible without actual purchases. This proposition is supported from Hon'ble jurisdictional High Court decision in the case of Nickunj Eximp Enterprises (in Writ Petition No. 2860, order dated 18.06.2014). In this case, the Hon'ble High Court has upheld hundred percent allowance for the purchases said to be bogus when sales are not doubted. However, the facts of the present case indicate th .....

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