Mere Non-Filing of Returns by Suppliers Doesn’t Make Purchases Bogus

DCIT Vs Sincon Infrastructure Private. Ltd (ITAT Patna)

Mere Non-Filing of Returns by Suppliers Doesn’t Make Purchases Bogus – ITAT Patna Upholds CIT(A)

Assessee company engaged in the business of construction & maintenance of roads & bridges, filed return of income declaring ₹2.40 crore. The case was selected for scrutiny under CASS since substantial purchases were made from parties who had not filed returns of income. AO noted that Assessee had made purchases of ₹4.98 crore from seven such suppliers. Notices u/s 133(6) were issued, but onl

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