Mere non production of cash purchase bills does not make Purchase bogus

ITAT AHMEDABAD BENCH ‘D’ Income-tax Officer versus Navjivan Synthetics IT APPEAL NO. 226 (AHD.) OF 2009 C.O. NO. 35 (AHD.) OF 2009 [ASSESSMENT YEAR 2005-06] Date of Pronouncement – 06.07.2012 ORDER Kul Bharat, Judicial Member – The Revenue and the assessee have filed appeal and cross-objection respectively against the order of the learned Commissioner of Income-tax (Appeals)-V, Surat, dated October 21, 2008, passed in appeal No. CAS-V/302/2007-08. First we take up the appeal of the Revenue 2. In this appeal the Revenue has raised the following grounds ...