CCI Online Coaching    |    x

Addition on bogus purchase

This query is : Resolved 

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 (Querist)
14 January 2012

Case law to be quoted in the submission if any

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x