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Bogus Purchase Addition Remanded Due to Pending HC Decision on Similar Issue

Case Law Details

Case Name
Vinod Kumar Agrawal Vs ITO (ITAT Raipur)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2011-12
Advertisement Vinod Kumar Agrawal Vs ITO (ITAT Raipur) The Income Tax Appellate Tribunal, Raipur in Vinod Kumar Agrawal Vs ITO dealt with additions made on alleged bogus purchases in the case of a rice miller for the assessment year 2011–12. The assessee had reported purchases of ₹3.04 crore, out of which purchases worth ₹2.91 crore were flagged by the department based on information from the Commercial Tax Department indicating non-payment of VAT. The Assessing Officer (AO) noted absence of supporting documents such as weighbridge slips, transport bills, and delivery challans, and al...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,551

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