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Bogus Purchases: Addition solely based on sales-tax dept. info not sustainable

Case Law Details

Case Name : Hiralal Chunilal Jain Vs ITO (ITAT Mumbai)
Related Assessment Year : 2009-2010
Courts : All ITAT ITAT Mumbai
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CA Suraj R. Agrawal

Brief of the Case-  ITAT Mumbai held in the case of Hiralal Chunilal Jain vs. ITO that addition for alleged Bogus Purchase not sustainable as AO had made the addition solely on the basis of information received from the Sales tax department without making any independent inquiry or following the principle

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Author Bio

Name: Suraj R. Agrawal
Qualification: CA in Practice
Company: TransPrice Tax Advisors LLP
Location: Pune, Maharashtra, India
Member Since: 11 Feb 2019 | Total Posts: 61
With over 15 years of practical experience as a Chartered Accountant, including positions at Big 4 firms, Suraj R. Agrawal has honed expertise in a wide array of tax-related areas. He specializes in global transfer pricing, cross-border transaction structuring, international taxation, tax structurin View Full Profile

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0 Comments

  1. sunil b mundada says:

    as baove dession came from itat bombay if case is in defernrt jurisdiction they are not taking the above case like poona itat then what to do

      Reply

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