HC Directs Fresh Adjudication for Reassessment on Alleged Bogus Purchase

By Editor6 Income Tax Judiciary July 23, 2023

Case Name: Rajnish Yadav Vs ITO (Delhi High Court)
Appeal Number: Only available for paid members
Date of Judgement/Order: Only available for paid members
Courts: All High Courts, Delhi High Court

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Advertisement Rajnish Yadav Vs ITO (Delhi High Court) Introduction: In a significant ruling, the Delhi High Court has directed a fresh adjudication in the case of Rajnish Yadav Vs ITO. The Income Tax Department alleged that Yadav benefited from accommodation entries provided by one Mr Sanjay Jain and made bogus purchases, which totalled up to Rs. 11,98,577/-. The crux of the case lies in a notice issued under Section 148A(b) of the Income Tax Act, 1961, for which the court found that relevant material had not been supplied to Yadav, hampering his ability to respond effectively. Analysis: Th...

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