ITAT Delhi Set Aside Bogus Purchase Addition for Breach of Section 250(6)

Bholenath Foods Limited Vs ITO (ITAT Delhi) Bogus Purchase Addition Not Decided Properly: ITAT Sets Aside NFAC Order for Violation of Section 250(6) The Delhi Bench “A” of the ITAT, in Bholenath Foods Ltd. v. ITO (AY 2012-13), set aside the order of the NFAC which had confirmed an addition of ₹1.35 crore on account of alleged bogus purchases/accommodation entries, holding that the appellate order was not in conformity with section 250(6) of the Income-tax Act. The reassessment was initiated on the basis of third-party survey statements of an alleged accommodation entry provider, Shri Ram...