Bogus Purchases Addition: ITAT Remands Case to CIT(A) Over Ex Parte Dismissal

Hari Krushna Machintech Private Limited Vs DCIT (ITAT Ahmedabad) In the case of Hari Krushna Machintech Pvt. Ltd. vs. DCIT (ITAT Ahmedabad), the Income Tax Appellate Tribunal (ITAT) addressed appeals relating to reassessment orders for Assessment Years 2012-13 and 2014-15. The appeals arose from ex-parte orders passed by the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), Delhi. The crux of the matter involved additions made by the Assessing Officer (AO), treating purchases of ₹11.84 crore as bogus based on alleged circular trading among related entitie...