Case Law Details
Case Name : Sushama Industries Vs ITO (ITAT Kolkata)
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Kolkata
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Sushama Industries Vs ITO (ITAT Kolkata)
Introduction: The Income Tax Appellate Tribunal (ITAT) Kolkata recently addressed the issue of bogus purchases in the case of Sushama Industries vs. ITO for the Assessment Year (AY) 2011-12. The key contention in this case was the addition of Rs. 7,27,536/- by the Assessing Officer (AO) on account of bogus purchases. The ITAT’s decision primarily focuses on whether the entire amount should be added to the income of the assessee or if a more nuanced approach should be adopted.
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