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TMI Blog2016 (9) TMI 1676X X X X Extracts X X X X X X X X Extracts X X X X ..... (P.) Ltd [ 2013 (1) TMI 88 - BOMBAY HIGH COURT] wherein it was observed when the sales of purchased goods were not doubted when copies of bank statement showing entries of payment through bank cheques to the suppliers are present then the purchases made by the assessee cannot be a bogus one. Therefore, we decide that the purchases in both the assessment years made by the assessee were found to be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essee briefly narrated the facts of the case and brought our attention to the order of the Tribunal in the case of Mrs. Kavita Singh vs. DCIT in ITA No.1240/M/2012 (AY 2006-2007), dated 31.8.2015 which is relevant for the proposition that the additions on the ground of bogus transactions cannot be made for the reasons given in para 8 of the Tribunal‟s order. Further, Ld Counsel for the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Tribunal in the case of Mrs. Kavita Singh (supra), we find it is relevant to extract para 8 of the said Tribunal‟s order and the same read as under:- 8. On consideration of the facts and circumstances of this case, facts on record and the judicial pronouncements brought before us, we observe certain findings in this case. Firstly, that the payment for the purchases have been made by a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he sales of purchased goods were not doubted when copies of bank statement showing entries of payment through bank cheques to the suppliers are present then the purchases made by the assessee cannot be a bogus one. Therefore, in our view, in this case we decide that the purchases in both the assessment years made by the assessee were found to be genuine and therefore, set aside the orders of the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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