Mere Suspicion from STR Data Insufficient for Section 69C Addition

Dhananjay Tradelink Pvt. Ltd. Vs ITO (ITAT Ahmedabad) Reopening on mere suspicion quashed: STR tag alone can’t justify 69C addition for alleged bogus trade ITAT Ahmedabad   allowed assessee’s appeal &  deleted addition of ₹25 lakh made u/s 69C r/w 115BBE, also quashing reassessment u/s 147. Tribunal held that AO reopened assessment merely on general Insight/STR information alleging that counter-party Kirit Dahyabhai Patel was an accommodation-entry provider, without any tangible, assessee-specific material to show escapement of income. Assessee had produced invoices, stock registe...