Illogical to Treat Sales as Bogus When Purchases & Stock are Deemed Genuine

Bharat Agro Industries Vs DCIT (ITAT Delhi)

Introduction: In a recent case, Bharat Agro Industries challenged an order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, before the Income Tax Appellate Tribunal (ITAT) Delhi. The crux of the appeal revolved around the treatment of sales as bogus by the assessing authorities despite accepting the genuineness of purchases and stock.

Background: Bharat Agro Ind

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