ITAT Upholds Section 69C addition for Bogus Purchases from Dummy Companies

AAA Teleshopping Pvt. Ltd Vs ACIT (ITAT Delhi) Introduction: The case of AAA Teleshopping Pvt. Ltd. vs. ACIT (ITAT Delhi) revolves around the addition made under section 69C of the Income Tax Act, 1961 for the Assessment Year 2011-12. The appeal filed by the assessee challenges the order of the Commissioner of Income Tax (Appeals)-I, New Delhi, dated 14.10.2019. Detailed Analysis: In this appeal, the primary contention of the assessee is that the Assessing Officer (AO) erred in making an addition under section 69C of the Income Tax Act, and the Commissioner of Income Tax (Appeals) was unjustif...