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

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