Bogus Purchases Cannot Be Added u/s 69C When Source of Expenditure Is Explained

ACIT Vs Payal Garg (ITAT Delhi)

ITAT Delhi: Bogus Purchases Cannot Be Added u/s 69C When Source of Expenditure Is Explained – Section 69C Misapplied

The Delhi Bench of the ITAT dismissed the Revenue’s appeal and allowed the assessee’s cross-objection, holding that addition made under section 69C read with section 115BBE in respect of alleged bogus purchases was legally unsustainable. The Assessing Officer had disallowed purchases of ₹4.51 crore from six su

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