CRP Beaumont Research (India) Private Limited vs. Income Tax Officer Ward 9(2)(1)

Parties Involved

Facts Summary

The assessee, CRP Beaumont Research (India) Private Limited, filed its return of income for the assessment year 2019-20 declaring total income of Rs.26,41,310/-. Subsequently, information was received by the Assessing Officer through the Insight Portal that the assessee had made non-genuine purchases amounting to Rs.1,33,21,728/- from M/s Supeema Advisory Pvt. Ltd., stated to be a bogus concern. Notice under section 148 was issued, followed by statutory notices under section 142(1). However, the assessee neither responded nor furnished the requisite details and supporting documentary evidence in respect of the impugned purchases. Consequently, the Assessing Officer completed the assessment under section 147 read with section 144 of the Act and made an addition of Rs.1,33,21,728/- under section 69C of the Act. Aggrieved, the assessee preferred an appeal before the Commissioner (Appeals). However, the assessee did not respond to the Commissioner (Appeals) either and did not furnish any written submissions or supporting evidence to controvert the findings of the Assessing Officer. The Commissioner (Appeals), therefore, decided the appeal on the basis of the material available on record and dismissed the appeal.…

Legal Issues

• 1. Whether the assessee has consistently failed to avail the opportunities granted by the Assessing Officer, the Commissioner (Appeals) and, now, the Tribunal.
• 2. Whether the assessee should be granted a final opportunity to furnish relevant documents, evidences, details and explanations in support of its claim.

Judgment Outcome

Decided in favour of Assessee.

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