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ITAT Mumbai Restores Bogus Purchase Case – CIT(A) Erred by Denying AO Opportunity
Case Law Details
- Case Name
- ITO Vs Kartik Gunwantrai Shah (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All ITAT, ITAT Mumbai
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ITO Vs Kartik Gunwantrai Shah (ITAT Mumbai)
Mumbai ITAT Restores Bogus Purchase Case – Matter Sent Back to AO- CIT(A) Erred in Not Restoring – ITAT Sends Case Back to AO
The Revenue appealed against the order of CIT(A dated 10.01.2025 restricting addition on bogus purchases to 5% of ₹3,51,358 as against 100% addition made by AO.
Assessee, proprietor of Gati Solvochem, had filed return declaring income of ₹2,59,000. Based on Sales Tax Department information, AO found purchases of ₹3,51,358 from hawala entry providers & issued notice u/s 148. As there was no response, assessment wa...
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