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₹9 Cr Purchase Addition Deleted; Evidence Ignored; Natural Justice Violated: ITAT Ahmedabad

Case Law Details

Case Name
Pringalkumar Praveenbhai Shah Vs ITO (ITAT Ahmedabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2020-21
Advertisement Pringalkumar Praveenbhai Shah Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad Deletes Rs 9 Cr Purchase Addition – AO CIT(A) Ignored Evidence; Order Held Violative of Natural Justice In Pringalkumar Praveenbhai Shah vs ITO (AY 2020-21), the ITAT Ahmedabad allowed the assessee’s appeal and deleted addition of ₹9,00,63,954 made u/s 69C r.w.s. 115BBE towards alleged bogus purchases. The AO had disallowed purchases from nine suppliers alleging lack of supporting documents and confirmations, which was upheld by CIT(A). However, the Tribunal found that extensive evidences — including ...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 6,039

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