Delhi HC Quashes Reassessment Order Over Bogus Purchase Claims

Luv Impex Private Limited Vs ITO (Delhi High Court)

In a recent judgment, the Delhi High Court addressed a case involving allegations of bogus purchase entries and the denial of expense claims by an assessee. The court’s ruling focused on the need for corroborative evidence and a proper defense for the taxpayer. This article provides an overview of the case, the court’s analysis, and its decision to quash the reassessment order.

1. Petitioner’s Challenge:

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