Bogus Purchase: ITAT restores matter to CIT(A) for re-adjudication

DCIT Vs Amrapali Eden Park Developers Pvt. Ltd. (ITAT Delhi)

AO observed that the assessee has claimed expenditure on account of purchase from certain parties who are involved in merely issue of purchase bills (Bogus Purchase) and effecting payments through banking channels for commission and not actually supported with the physical transfer of goods. Furthermore, from para 5.2 of first appellate order, we observe that the ld.CIT(A) concluded the issue in favour of the assessee by observing and directing the AO to make available all adverse material and

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