Laxmanaram Ganchi Vs. Income Tax Officer

Parties Involved

Facts Summary

The assessee, Laxmanaram Ganchi, filed his return of income for the assessment year 2019-20 on 30.10.2019, declaring total income of ₹9,23,960. The case was reopened and a notice under section 148 of the Income Tax Act was issued, alleging that the assessee had entered into purchase transactions of ₹36,12,300 with M/s. Shivay Trade Impex, a concern involved in fraudulent input tax credit activities. The assessee claims that the email address and mobile number registered on the income tax portal …

Legal Issues

• 1. Whether the delay of 295 days in filing the appeal before the learned CIT(A) constitutes sufficient cause for condonation.
• 2. Whether the addition of ₹36,12,300 on account of alleged bogus purchases is justified.

Precedents Relied Upon

2 precedents cited in this judgement.

Judgment Outcome