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Additions Can’t Be Based on Suspicion, ITAT Deletes 2.5% Profit
Case Law Details
- Case Name
- Arvind Jain Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
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Arvind Jain Vs ITO (ITAT Delhi)
No Basis, No Break-up, No Addition- TEP-Based Guesswork Collapses: Delhi ITAT Deletes Ad-hoc Profit Addition on Alleged Bogus Purchases-ITAT Quashes 2.5% Profit Estimation from ‘Bogus Purchases’
Delhi ITAT ‘E’ Bench in Arvind Jain vs ITO, Ward 5(1)(1), Noida (ITA No.5146/Del/2025, AY 2014-15, order dated 23-12-2025) deleted addition of ₹96.66 lakh made on account of ad-hoc profit estimation from alleged bogus purchases, holding that the entire exercise was without any factual foundation or cogent material.
Assessment was reopened based...
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