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ITAT Rejects Blanket Bogus Purchase Disallowance as Sales & Stock Records Were Accepted

Case Law Details

Case Name
ITO Vs Dhawan Creative Prints Pvt. Ltd. (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
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ITO Vs Dhawan Creative Prints Pvt. Ltd. (ITAT Delhi) Purchase Addition Restricted Because Only One Supplier Denied Transactions; ITAT Upholds Relief Because Non-Response to Section 133(6) Notices Alone Cannot Prove Bogus Purchases; Revenue Appeal Fails Because Purchases Were Supported by Audited Books and Stock Records; Section 69A Addition Deleted Because Cash Deposits Were Recorded in Audited Books; ITAT Rules Same Income Cannot Be Taxed Twice While Deleting Cash Deposit Addition. The Revenue appealed against the order of the Commissioner of Income Tax (Appeals)/National Face...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 17,747

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