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Sales Accepted, Purchases Can’t Be Bogus Under MVAT Alerts
Case Law Details
- Case Name
- Vaibhav Nandkishor Patil Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Mumbai
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Vaibhav Nandkishor Patil Vs ITO (ITAT Mumbai)
Mumbai ITAT Deletes Bogus Purchase Addition: Sales Accepted, One-to-One Correlation Proved; Ad-hoc Expense Disallowance Also Quashed
Sales Accepted, Purchases Can’t Be Bogus: ITAT Ends MVAT-Based Additions- Suspicion Is No Substitute for Proof: Hawala Tag Alone Fails
Assessee, proprietor of event-management concern M/s Evepro, faced reassessment u/s 147 based solely on information from MVAT Department alleging purchases from a listed hawala dealer. AO treated purchases of ₹15.47 lakh from Adinath Enterprises as bogus u/s 69C ...
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