ITAT Mumbai Upholds Bogus Purchase Addition in Hawala Case

Vinod Omprakash Kainya Vs ACIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has upheld the addition of Rs. 74,61,350 to the income of Vinod Omprakash Kainya, ruling that 25% of the assessee’s claimed total purchases were fictitious and arose from hawala transactions. The decision, pronounced on May 28, 2025, dismisses the assessee’s appeal against the order of the National Faceless Appeal Centre (NFAC)/CIT(A) for Assessment Year 2010-11, citing an absence of evidence to rebut the findings of the tax authorities. The present appeal challenged the impugned order ...