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Bogus Purchase Disallowance Deleted Due to Valid GST and Supporting Evidence
Case Law Details
- Case Name
- JCIT (In situ) Vs Sharmanji Yarns Pvt. Ltd. (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Chandigarh
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JCIT (In situ) Vs Sharmanji Yarns Pvt. Ltd. (ITAT Chandigarh)
The cross-appeals before the ITAT Chandigarh for AY 2020-21 concerned the addition on account of alleged bogus purchases made by the assessee, a corporate entity engaged in the manufacture of cotton yarn and clothes. The Assessing Officer (AO) alleged that purchases aggregating ₹88.07 crore from four suppliers were bogus on the grounds that the suppliers had not filed income tax returns, did not respond to notices under section 133(6), were not found at their given addresses during field enquiries, and that one su...
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