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ITAT deletes addition in respect of bogus Purchases
Case Law Details
- Case Name
- Supertech Forgings (India) Pvt. Ltd. Vs DCIT (ITAT Amritsar)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Amritsar
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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 received by him from the investigating wing. Reason to suspicion, how so ever strong cannot be part take the character of ...





