D M JEWELLERS,GUWAHATI vs. ADDITIONAL / JOINT / DEPUTY / ASSISTANT COMMISSIONER OF INCOME TAX/INCOME-TAX OFFICER, GUWAHATI
In the result, the appeal of the assessee is allowed for statistical purposes only
ITA 107/GTY/2025[2014-2015]Status: DisposedITAT Guwahati15 Oct 2025AY 2014-2015
Bench: Shri Manomohan Das, Hon’Ble & Shri Sanjay Awasthi, Hon’Ble
For Appellant: Shri Manish Jain, FCAFor Respondent: Shri Kausik Ray JCIT
Section 10(26)Section 132Section 144Section 147Section 148Section 250Section 68
section 68 in respect of trade purchases is erroneous. Merely, because the supplier was alleged to be involved in accommodation entries, it was incorrectly presumed that the appellant’s transactions were also of the same nature. The authorities have relied on surmises and conjecture rather than facts, thus rendering the addition unsustainable in law.
2. The brief facts
