Bogus Purchase Addition Restricted to 25% Upheld – Entire Disallowance u/s 69C Rejected – Revenue Appeal Dismissed – ITAT Amritsar

ITO Vs Nitin Dutta (ITAT Amritsar) Bogus Purchase Addition Restricted to 25% Upheld – Entire Disallowance u/s 69C Rejected – Revenue Appeal Dismissed – ITAT Amritsar The AO treated purchases of ₹60.45 Cr as bogus and added the entire amount u/s 69C after suppliers failed to respond to notices and supporting documents were alleged to be deficient. CIT(A), however, noted that sales, stock records, GST returns and quantitative details were accepted and therefore entire purchases could not be disallowed; the addition was restricted to 25% to cover possible inflation. ITAT obser...