Bogus Purchase Disallowance Fails — Third-Party List Alone Is Not Evidence

ACIT Vs Escon Elevators Pvt. Ltd. (ITAT Chennai)

The ITAT Chennai dismissed the Revenue’s appeal and upheld deletion of a ₹20,588 disallowance u/s 69C, holding that a purchase cannot be branded bogus merely because the supplier’s name appears in a “suspicious dealer / MAHAVAT list”.

The AO had disallowed the purchase from Please become a Premium member. If you are already a Premium member, login here to access the full content.