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ITAT Chandigarh Deletes Bogus Purchase Addition as Sales Accepted & Purchases Are Evidence-Backed
Case Law Details
- Case Name
- ITO-Ward-1 Vs Shri Rohit (ITAT Chandigarh)
- 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 Chandigarh
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ITO-Ward-1 Vs Shri Rohit (ITAT Chandigarh)
Bogus Purchase Addition of ₹15.09 Crore Rejected: ITAT Chandigarh Upholds Deletion Where Sales Accepted and Purchases Backed by Evidence
The Income Tax Appellate Tribunal dismissed the Revenue’s appeal for AY 2021-22 and upheld the order of the Commissioner of Income Tax (Appeals), which had deleted an addition of ₹15.09 crore made under section 69C on account of alleged bogus purchases.
The Assessing Officer had disallowed the entire purchases merely because certain suppliers had not filed income-tax returns, showed lower turnover, or had their...
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