Bogus Purchase Disallowance – Issue of 12.5% vs 100% Addition Remanded to CIT(A) for Fresh Fact Verification – ITAT Mumbai

ITO Vs Pravinchandra B Dedhia (ITAT Mumbai)

Bogus Purchase Disallowance – Issue of 12.5% vs 100% Addition Remanded to CIT(A) for Fresh Fact Verification – ITAT Mumbai

The Revenue challenged the order of the CIT(A) restricting disallowance on alleged bogus purchases to 12.5% instead of sustaining the full addition of ₹48.32 lakh made by the AO u/s 69C. The assessment had been completed u/s 144 r.w.s. 147 based on Investigation Wing information that the assessee obtained accommodatio

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