Don’t Add Purchases Based on GST Portal Data Alone: ITAT Remands for Full Reconciliation

World Alloys Pvt. Ltd. Vs DCIT (ITAT Ahmedabad) Don’t Penalise Just on GST-Portal Gap- ITAT Ahmedabad Throws Out ₹8.04 Cr Purchase Addition -Discrepancy in GST vs ITR Figures Not Enough-ITAT Ahmedabad Restores — Insists on Genuine Reconciliation, Grants One More Chance Assessee company is in the business of metal trading. For AY 2021-22, it filed its income tax return declaring a loss of ₹19.72 lakh. The case was selected for scrutiny, & during assessment AO discovered that purchases reported in the income-tax return were ₹69.28 crore, whereas purchases reflected in the GST porta...