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Addition on bogus purchase (Income Tax)

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This query is : Resolved


( Author )
14 January 2012

Mr A has made purchases during the year of Rs 609440 from Y Enterprise has made payment through crossed chqs and also during the time of assessment has submitted Confirmation of Creditor But ITO issued notice u/s 133(6)to Mr Y Enterprise and in the response to notice Mr Y prop of Y Enterprise said that they didnt had any transaction with Mr A on the basis of that ITO treated this purchase as bogus purchase and added to income.
(ITO issued notice to Mr Y Enterprise of similar name not to Mr Y entrprise our party)
Kindly Suggest.


CA Deepak S

( Expert )
14 January 2012

Now you have to file an appeal with CIT(A)within 30 days of the date of receipt of order.


Chandresh

( Author )
14 January 2012

Case law to be quoted in the submission if any

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