ITAT Kolkata Deletes ₹1.59 Crore Bogus Sales/Paper Trading Addition

ITO Vs MAA Vaishno Fuels Pvt. Ltd. (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT), Kolkata, in its consolidated order, dismissed the appeals filed by the Income Tax Officer (ITO) against MAA Vaishno Fuels Pvt. Ltd. The case involved two assessment years, 2016-17 and 2017-18, with the core issue being the deletion of additions made by the Assessing Officer (AO) on account of alleged bogus sales. The ITAT upheld the decision of the National Faceless Appeal Centre (CIT-A), which had initially deleted the additions. Factual Background The assessee, MAA Vaishno Fuels Pvt. Ltd., is a compan...