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No Section 69C addition Merely Due to Absence of Farmers’ PAN Details
Case Law Details
- Case Name
- Shubha Prakash Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Bangalore
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Shubha Prakash Vs ITO (ITAT Bangalore)
No PAN of Farmers? No Problem: ITAT Deletes Ad Hoc Addition on Agricultural Commodity Purchases
The Bangalore ITAT deleted the addition sustained on alleged non-genuine purchases, holding that mere non-availability of PAN of agriculturists cannot justify an ad hoc disallowance when the purchases are recorded in audited books, quantitatively reconciled with sales, and supported by purchase bills. The Tribunal observed that Section 69C cannot be invoked merely on suspicion without demonstrating that the purchases were actually bogus.
The as...
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