Details/ documents proved genuineness of purchases hence bogus purchase addition deleted

ITO Vs Jaideep Metallics And Alloys Pvt Ltd. (ITAT Mumbai)

ITAT Mumbai held that CIT(A) rightly deleted addition towards bogus purchases since assessee proved genuineness of purchases by submitting various details/ documents. Accordingly, appeal of the revenue dismissed.

Facts- the Assessee is a resident private limited company engaged in the business of manufacturing various steel products including products such as TMT bars and MS Billets. Notice dated 15/12/2022 was issued to the assessee contesting that why purchases made from the following non-filers of

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