ITAT Rejects Blanket Bogus Purchase Disallowance as Sales & Stock Records Were Accepted

ITO Vs Dhawan Creative Prints Pvt. Ltd. (ITAT Delhi) Purchase Addition Restricted Because Only One Supplier Denied Transactions; ITAT Upholds Relief Because Non-Response to Section 133(6) Notices Alone Cannot Prove Bogus Purchases; Revenue Appeal Fails Because Purchases Were Supported by Audited Books and Stock Records; Section 69A Addition Deleted Because Cash Deposits Were Recorded in Audited Books; ITAT Rules Same Income Cannot Be Taxed Twice While Deleting Cash Deposit Addition. The Revenue appealed against the order of the Commissioner of Income Tax (Appeals)/National Face...