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Bogus Purchases Must Be Taxed Under Section 69C, Not 37(1)
Case Law Details
- Case Name
- Harish Narang Vs PCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
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Harish Narang Vs PCIT (ITAT Delhi)
Bogus Purchases Mean 69C, Not 37(1):Wrong Section, Short Tax: PCIT Right in Invoking 263
GST Scam Meets Income-Tax Law: 115BBE Hits Bogus Purchases- Accommodation Entries Can’t Get Normal Rate Shield-Section 69C Reigns Supreme Where Goods Never Arrived
In Harish Narang Vs. PCIT , ITA No.3637/Del/2025, AY 2018-19, order dated 31.12.2025, Delhi ITAT upheld revision u/s 263 & dismissed Assessee’s appeal, holding that AO’s assessment u/s 147 r.w.s. 144B was erroneous & prejudicial to the interest of Revenue for wrongly invoking section 37(1) instead...
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