ITAT Orders Re-Adjudication in Bogus Purchases Case: Kalu Singh Vs ITO

Kalu Singh Vs ITO (ITAT Bangalore) Introduction: The recent order by the Income Tax Appellate Tribunal (ITAT) Bangalore has stirred attention in the case of Kalu Singh Vs ITO. The appeal is against the order passed by the NFAC under section 250 of the Income-tax Act, 1961, for the assessment year 2018-19, dated 30.8.2023. The appellant challenges the order on grounds of non-consideration of material, lack of natural justice, and disputing the characterization of purchases as bogus. Detailed Analysis: The appellant raised multifaceted grounds against the lower authorities, emphasizing non-con...