M/s. Microwave Communications vs. Income Tax Officer

Parties Involved

Facts Summary

The assessee filed its return of income declaring total income at Rs.8,82,710/-. On the basis of information received from DIT (Investigation) and Sales Tax department of Government of Maharashtra, the AO came to know that the assessee has been taking accommodation entries in respect of purchases from various parties. On the basis of such information, the AO treated the purchases of Rs.8,00,922/- as bogus and made the addition of the same u/s.69C of the Act. Assessee carried the matter before the CIT(A), but without any success.…

Legal Issues

• 1. Whether the CIT(A) erred in confirming the addition of Rs.8,00,922/- as bogus purchases made by the AO.

Judgment Outcome

Decided in favour of Partly Assessee.

Precedents Relied Upon

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