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Bogus Purchase Addition Unsustainable When Purchases Confirmed by GST Order
Case Law Details
- Case Name
- ITO Vs Vikas Jain (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Chandigarh
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ITO Vs Vikas Jain (ITAT Chandigarh)
The Income Tax Appellate Tribunal (ITAT), Chandigarh, adjudicated an appeal by the revenue concerning Assessment Year (AY) 2018-19 in the case of alleged bogus purchases by the assessee. The appeal arose from an order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, dated 10-06-2024, which had deleted an addition of Rs. 7,67,89,408 made by the faceless assessment unit. The addition comprised Rs. 7,38,35,970 as alleged bogus purchases from M/s Jai Bhagwati Sales Corp. (JBS) and Rs. 29,53,438 as commission p...
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