asst. yr. 1991-92).
(b) Rs. 2,087 by estimating suppressed purchases of Rs. 20,869.70 on the basis of certain entries in the books ... below :
(a) A sum of Rs. 54,225 by estimating suppressed purchases of Rs. 3,61,498 on the basis of certain entries
suppressed purchase of groundnuts and suppressed crushing of groundnuts. He calculated the purchase tax on 2,71,483 kgs. of suppressed purchases of groundnuts ... were suppressed purchases. He also held that 937 empty tins must have been purchased for packing oil produced from the aforesaid suppressed purchase of groundnuts
accounts as disclosed in the trading account. Therefore, the dealer-company suppressed purchases of motor cycles from outside the State to the extent ... dealer-company has clearly evaded huge taxes by suppressing purchases from outside the State on the corresponding sales, penalty provisions under section
were made on account of
inflated/ bogus purchases and suppressed sale respectively. The
AO has ignored the difference in the amount of opening stock ... pointed out any instance of inflated/ bogus purchases or
suppressed sale. All the purchases of the appellant are fully
verifiable and complete details
overruled him and held that the assessee had suppressed purchases. He brought out two or three reasons for his finding that there was suppression ... purchases. On the suppressed purchases he worked, out the profit of 2 per cent and reached
Assessing Officer
to grant input tax credit with respect to the suppressed
purchases since they were from a registered dealer namely
M/s. Malabar Cements ... entitled from claiming any such credit despite the suppressed
purchases having suffered tax.
7. A Constitution Bench of the Supreme Court in
Commissioner of Central
brought to their notice that their action amounts to suppression of purchases made by the dealer/assessee and the same is liable for imposition ... under:
Inter-State purchases not shown in returns
is treated as suppressed purchases : Rs. 4,85,024
Tax at four per cent
appellate authority.
The undisclosed income was computed by aggregating the
suppressed purchases made by the respondent and by adding the
gross profit at a rate ... assessee has paid tax on the alleged
income from the suppressed purchases in the regular assessment.
In response, learned counsel for the appellant Shri Jose
Stage. No other corroborative
evidences evidencing suppression of purchases, suppression of
production, excess consumption of electricity than what is
required, production capacity, transportation of clandestine ... submitted by the Officers. No other corroborative evidences
evidencing suppression of purchases, suppression of production,
excess consumption of electricity than what is required,
production capacity
lawfully enter unbilled purchases in Tally, it is
not open to the AO to assert that purchases corresponding to suppressed sales
were entered ... such suppressed cash. They explain
that a portion of the cash generated from suppressed sales was utilised to make
cash purchases without invoices, which
