Tenant’s Purchases, Not Landlord’s: ITAT Dismisses Wrong Addition in Factory Lease Case

ACIT Vs Federal Agro Industries Pvt. Ltd. (ITAT Agra) Factory on Rent, Not Doing Business: Purchases Belong to Tenant, Not Landlord-Assessee Wrong- Cut Paste Addition Fails Assessee, Wrong Purchases: ITAT Agra Dismisses Revenue Appeals in Meat-Purchase Case Revenue challenged deletion of additions of ₹2,50,58,565/- made by AO treating purchases of ‘Raw Boneless Meat’ as bogus. Tribunal noted that AO had merely reproduced the enquiries, 133(6) replies, & allegations of round-tripping from the assessment of HMA Agro Industries Ltd, without establishing that Federal Agro itself made any...