ITAT sustain addition for Bogus Purchases not rebutted by assessee

Maan Cements Pvt. Ltd. Vs ITO (ITAT Delhi) Assessing Officer has given a finding that the assessee had used a pre arranged device in form of booking of bogus purchases of shares. This finding of the Assessing Officer is not rebutted by the assessee by placing any material on record. Therefore, the addition of Rs. 3,32,850/- made u/s 69C is hereby sustained. FULL TEXT OF THE ORDER OF ITAT DELHI This appeal, by the assessee, is directed against the order of the learned Commissioner of Income-tax (Appeals)-6, New Delhi, dated 17.06.2018, pertaining to the assessment year 2011-12. The assessee has...