Assessee cannot be faulted if seller is not traceable or his name appears in list of non-genuine dealer

DCIT (LTU-I) Vs CMI FPE Ltd. (ITAT Mumbai) Assessee has purchased M.S. plates from various dealers out of which M/s V3 Enterprises was alleged to be an accommodation entry provider. It is evident from the record that the assessee has furnished the details of the suppliers along with their addresses and the price quoted for the materials purchased. The only contention of the department is that the alleged dealer’s name appeared in the website of sales-tax department, Government of Maharashtra to be non genuine dealer. Apart from this, the Assessing Officer has not shown any corroborative evid...