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Purchases Not Bogus When Books Are Accepted & Sales Undisputed: ITAT Delhi
Case Law Details
- Case Name
- ITO Vs Ajay Kumar (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Delhi
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ITO Vs Ajay Kumar (ITAT Delhi)
Bogus Purchase Addition Deleted Despite 133(6) Non-response: ITAT Upholds Genuineness Where Sales, Books and GST Records Accepted
The Delhi ITAT dismissed the Revenue’s appeals for AYs 2021-22 and 2022-23 and upheld the CIT(A)’s deletion of massive additions of ₹15.17 crore on account of alleged bogus purchases and ₹97.49 lakh relating to freight TDS issues in the case of Ajay Kumar. The Assessing Officer had treated purchases as non-genuine under Section 69C mainly because several suppliers did not respond to notices issued under Section...
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