Sponsored
    Follow Us:

Case Law Details

Case Name : ACIT Vs Patodia Filaments Pvt Ltd. (ITAT Mumbai)
Related Assessment Year : 2016-17
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

ACIT Vs Patodia Filaments Pvt Ltd. (ITAT Mumbai)

In the case of ACIT vs. Patodia Filaments Pvt Ltd., the Income Tax Appellate Tribunal (ITAT) Mumbai ruled that trading results and gross profits cannot be interfered with if the assessee provides sufficient evidence of purchases, sales, delivery, and payments. The case involved additions made by the Assessing Officer (AO) for bogus purchases in Assessment Years (AY) 2016-17 and 2018-19. The additions were based on statements from an individual linked to the suppliers, who admitted to issuing accommodation bills. Howe

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930