ITAT Seeks Written Timeline for AO Report Before Granting Adjournment in Bogus Purchase Appeals

DCIT Vs Akshray investment (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, was dealing with a batch of seventeen appeals along with connected cross-objections involving a common issue relating to minor additions on account of alleged bogus purchases. These additions were inferred primarily on the basis of certain emails of an employee pertaining to Assessment Year (A.Y.) 2018-19, along with some other minor additions. The matter was earlier heard on 05.01.2026. During the earlier hearing, the Authorised Representative submitted that the Assessing Officer had extrapolated ...