Case Law Details
Case Name : Hiralal Chunilal Jain Vs ITO (ITAT Mumbai)
Related Assessment Year : 2009-2010
Courts :
All ITAT ITAT Mumbai
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CA Suraj R. Agrawal
Brief of the Case- ITAT Mumbai held in the case of Hiralal Chunilal Jain vs. ITO that addition for alleged Bogus Purchase not sustainable as AO had made the addition solely on the basis of information received from the Sales tax department without making any independent inquiry or following the principles of natural justice before making the addition.
Suspicion of the highest degree cannot take the place of evidence.
Facts of the case:
Assessee, an individual is proprietor of M/s. Divya Alloys and is engaged in business of resellers of ferrous and non ferrous metals.
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Author Bio
as baove dession came from itat bombay if case is in defernrt jurisdiction they are not taking the above case like poona itat then what to do