ITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries

Crystal Quinone Pvt. Ltd. Vs DCIT (ITAT Ahmedabad) The appeal before the ITAT Ahmedabad was filed by the assessee against the order of the Commissioner of Income Tax (Appeals), NFAC, Delhi dated 23.05.2025 for Assessment Year 2009-10. The assessee challenged the confirmation of addition of Rs.4,50,000/- towards commission paid to Reynolds Petro Chem Ltd. and addition of Rs.90,00,000/- towards alleged inflated purchases. The assessee also raised additional grounds challenging the validity of reassessment proceedings under Section 147 of the Income-tax Act, 1961. The assessee submitted that the ...