Section 69C Addition Deleted as Purchases Supported by Documentary Evidence

Sunrise Structural & Engineering Private Limited Vs ACIT/DCIT (ITAT Nagpur) Whether, the addition on account of alleged bogus purchases could be sustained and the provisions of section 69C r.w.s. 115BBE could be invoked, as well as whether reopening under section 148 was valid, merely on the basis of information received from the Investigation Wing/DGGI, despite the assessee having furnished complete documentary evidences establishing genuineness of purchases and corresponding sales. In the case of Sunrise Structural & Engineering Pvt. Ltd. vs ACIT (ITA No. 167/NAG/2025, order date...