ITAT Mumbai Restricts Bogus Purchase Addition to 6%; Full 69C Disallowance Set Aside

Maharashtra Corporation Limited Vs ITO (ITAT Mumbai)

Bogus Purchases—Full 69C Disallowance Set Aside: ITAT Mumbai Restricts Addition to 6% Despite Kanak Impex

The Mumbai ITAT (A-Bench) partly allowed the assessee’s appeal for AY 2017-18, holding that a 100% disallowance of alleged bogus purchases under Section 69C was not sustainable on the facts. While the AO and CIT(A) had added the entire ₹10.23 crore based largely on

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