ITAT Bangalore deletes Bogus Purchase addition in Section 44AD Case

Lakshmanram Bheemaji Purohit Vs ITO (ITAT Bangalore) Assessee is an individual engaged in the business of trading of waste home products filed his return of income as per provisions of section 44AD. Information was received that assessee has received bogus purchase bill of Rs.16,09,692 from one ARS Enterprises. It is alleged that this is a bogus tax invoice wherein false input credit was claimed under GST. When the draft order was passed assessee objected that the addition draft order does not mention the section under which the addition/ disallowance is made. With respect to the details of ...