Entire Purchase Addition Quashed for Exceeding Appellate Jurisdiction

Rainbow Vanijya Private Limited Vs ACIT (ITAT Kolkata) No 145(3), No Guesswork: E-Way Bills Don’t Lie—Bogus Purchase Enhancement Struck Down- ITAT Axes 1% Commission Theory- Accommodation Entry Label Alone Can’t Justify ₹66 Cr Enhancement Kolkata ITAT ‘D’ Bench in Rainbow Vanijya Pvt. Ltd. Vs. ACIT, [ITA No. 1891/KOL/2025, AY 2020-21, order dated 31.12.2025] allowed Assessee’s appeal and set aside both the addition made by AO as well as enhancement by CIT(A). AO had treated Assessee as an accommodation entry provider and made addition of ₹1,33,61,982 by estimating 1% commission...