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Bogus Purchase Finding Unsustainable Without Proper Evidence Review
Case Law Details
- Case Name
- Deepak Kumar Agarwal Vs ITO (ITAT Agra)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
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Deepak Kumar Agarwal Vs ITO (ITAT Agra)
Bogus Purchase Addition of ₹6.78 Lakh Remanded for Fresh Verification; Mere Non-Confirmation Not Sufficient
The Agra Bench of the ITAT partly allowed the assessee’s appeal for AY 2020-21 and set aside the addition of ₹6.77 lakh sustained on account of alleged bogus purchases from M/s. C.K. Industries, remanding the matter to the Assessing Officer for fresh verification.
The assessee, a wholesale trader in metals, had faced additions of ₹2.56 crore for alleged bogus purchases. While the CIT(A) deleted the major addition of ₹2.49 crore relating t...
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