Once Sales Accepted, No Scope for Bogus Purchase Addition

Deepak Pawar Vs ACIT (ITAT Delhi) Once Sales Accepted, No Scope for Bogus Purchase Addition- Suspicion No Substitute for Proof- 69C Addition Falls Flat ITAT Delhi Deletes Bogus Purchase Addition – Once Sales & E-Way Bills Accepted, No Basis for Profit Estimation Delhi ITAT allowed the appeal of Deepak Pawar, deleting addition sustained by CIT(A) on alleged bogus purchases from M/s R.K. Polymers. Assessee, engaged in trading raw material for CPVC pipe industries under proprietorship Deepjyoti Enterprises, filed return declaring income of ₹7,69,120/-. Case was reopened based on allegatio...