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TMI Blog2024 (5) TMI 1446X X X X Extracts X X X X X X X X Extracts X X X X ..... indisputable fact is that assessee had furnished copy of the tax audit report, P L A/c and balance-sheet. Assessee also filed purchase bills, payments made by cheques to all suppliers, their ledger accounts, PAN Card, bank statements, purchase confirmation of suppliers, etc. AO did not accept the evidence but instead, added the amount in assessee s income. AO, however, has not disputed the sales m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al No.1537 of 2018 and Income Tax Appeal No.1691 of 2018, are not listed but at the request of Mr. Suresh Kumar taken on board and a common order is passed. 2. The Assessing Officer ( AO ) had reopened the assessments for Assessment Years ( AY ) 2006-07 to AY 2009-10 by issuance of notice under Section 148 of the Income Tax Act, 1961 ( the Act ) on the basis of information received from the Sales ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e given concurrent finding that Assessee has produced ledger copies of the concerned parties, purchase bills, bank statements, proof of payment having been made through cheques to prove the genuineness of the transaction whereas the AO had only relied upon the information provided by the Sales Tax Department to suggest that the purchases are non-genuine. The CIT(A) and the ITAT have also given a f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de, were bogus are essentially questions of fact. In the present case, the indisputable fact is that assessee had furnished copy of the tax audit report, P L A/c and balance-sheet. Assessee also filed purchase bills, payments made by cheques to all suppliers, their ledger accounts, PAN Card, bank statements, purchase confirmation of suppliers, etc. The AO did not accept the evidence but instead, a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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