Case Law Details
Case Name : Nayan Jayantilal Balu Vs Union of India (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Nayan Jayantilal Balu Vs Union of India (Bombay High Court)
Perusal of the complaint launched against Petitioner also disclose allegations that Petitioner failed to substantiate the claim of purchases amounting to Rs. 2,74,03,016/- and the assessing officer held the purchases to be bogus and made an addition of Rs. 34,25,377/(12.5% of the bogus purchases). On Appeal by Petitioner, CIT (A) vide order dated 19.12.2016 confirmed the addition. ITAT also confirmed said order. It is stated that, therefore, Petitioner has willfully and intentionally evaded his tax liability.
19 Taking into conside...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
THE ASSESSEE HAS COMMITTED A BLUNDER BY APPROACHING THE HONOURABLE HIGH UNDER THE WRIT JURISDICTION. THE ADVOCATE OF THE ASSESSEE APPEARS TO HAVE MISGUIDED THE ASSESSEE FOR THE FEES AND PERHAPS OVERCONFIDENCE.