Bogus Purchases Allegation Unexamined- ITAT Orders De Novo Adjudication

DCIT Vs Nikhil Mittal (ITAT Raipur) Appeal Disposed on JAO/FAO Issue Alone – Bogus Purchases Allegation Unexamined- ITAT Orders De Novo Adjudication-Failure to Record Findings u/s 250(4) & (6) -No Speaking Order, No Merits – Matter Remanded In a search u/s 132 in the case of Hanumant Trading & H.K Group, the proprietor of M/s H.K Enterprises admitted on oath that he provided accommodation entries & bogus bills. Based on this material, AO held that Assessee, proprietor of M/s Niros Industries, made bogus purchases of Rs.54,20,106/- from H.K Enterprises, a concern alleged to be i...