ITAT upheld addition of 100% of Bogus Purchases

Pratibha Pipes & Structurals Ltd Vs DCIT (ITAT Mumbai) In this case, on perusal of facts available on record, we find that the AO has not made addition only on the basis of report of sales-tax department. In fact, the AO has conducted all possible enquiries during the course of assessment proceedings, as per which, he had directed the assessee to file confirmations from the parties and also to produce the parties for examination. But, the assessee could neither file confirmations, nor produce the parties in person. Further, the AO has brought out number of discrepancies in books of account...