ITAT deletes addition in respect of bogus Purchases

Supertech Forgings (India) Pvt. Ltd. Vs DCIT (ITAT Amritsar)

No addition in respect of bogus Purchases can be made during the year under consideration

No addition in respect of bogus Purchases can be made during the year under consideration where the purchases made from the same parties have been accepted in subsequent year by Department. Reassessment is invalid where the Assessing Officer has not applied his mind and had merely relied upon the information

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