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Income Tax

Accepted Project Revenue Confirms Genuineness of Related Purchases

Case Law Details

Case Name
Kalpataru Projects International Ltd. Vs DCIT (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
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Kalpataru Projects International Ltd. Vs DCIT (ITAT Mumbai) Search After 10 Years Can’t Taint Genuine Purchases: ITAT Mumbai Deletes Entire s.37(1) Disallowance in Kalpataru / JMC Merger Cases ITAT Mumbai (E Bench) in Kalpataru Projects International Ltd. vs DCIT & cross-appeal (ITA Nos. 5962 to 5965 & 6112/Mum/2025; AYs 2013-14, 2014-15, 2015-16 & 2017-18; order dated 24.12.2025) has allowed all assessee appeals and dismissed the Revenue appeal, deleting even the residual 12.5% ad-hoc disallowance of alleged non-genuine purchases sustained by CIT(A). The dispute related to purch...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,494

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