Bogus Purchase Finding Unsustainable Without Proper Evidence Review

Deepak Kumar Agarwal Vs ITO (ITAT Agra) Bogus Purchase Addition of ₹6.78 Lakh Remanded for Fresh Verification; Mere Non-Confirmation Not Sufficient The Agra Bench of the ITAT partly allowed the assessee’s appeal for AY 2020-21 and set aside the addition of ₹6.77 lakh sustained on account of alleged bogus purchases from M/s. C.K. Industries, remanding the matter to the Assessing Officer for fresh verification. The assessee, a wholesale trader in metals, had faced additions of ₹2.56 crore for alleged bogus purchases. While the CIT(A) deleted the major addition of ₹2.49 crore relating t...