Mere declaration of supplier as ‘Hawala dealer’ by Vat Authorities not sufficient to made addition U/s. 69C

Brief Facts of the Case and Question

Brief Facts: Assessee, an individual,proprietor of M/s. Hydro Pure System,is engaged in the business of installation,erection and servicing of water purifying systems.He is deriving income from business and other sources. He filed his return of income on 28.9.10,declaring total income of Rs.18.40 lacs .The AO completed the assessment u/s.143(3) of the Act on 1/3/ 2013,determining the income of the assessee at Rs.1,56,05,880/Please become a Premium member. If you are already a Premium member, login here to access the full content.