ITAT Deletes Bogus Purchase Addition as Cross-Examination Was Not Granted

Ahluwalia Contracts India Ltd. Vs DCIT (ITAT Delhi) A search under section 132 was conducted on the Sanjay Jain Group on 26.10.2020, during which Sanjay Jain allegedly admitted that entities controlled by him were engaged in issuing accommodation purchase bills without actual supply of goods. Based on seized tally data, the department alleged that the assessee had made purchases of cement and steel materials from concerns controlled by Sanjay Jain. For AY 2019-20, purchases aggregating to ₹4.89 crore (excluding GST) were questioned. The assessee furnished extensive documentary evidence inclu...