Bogus Purchase Disallowance Held in Abeyance Due to HC Pending Cases

Vinod Kumar Agrawal Vs ITO (ITAT Raipur) Bogus purchase issue kept in abeyance: ITAT Raipur remands matter to CIT(A) awaiting HC verdict Raipur Tribunal set aside order of CIT(A)/NFAC confirming 25% disallowance of purchases alleged to be bogus in case of a rice miller. Tribunal noted that identical issue of alleged bogus purchase bills obtained by rice millers is sub-judice before the Jurisdictional High Court in multiple connected matters. Considering pendency before HC, Tribunal held that it would be inappropriate to adjudicate issue on merits at this stage. Accordingly, matter was restored...