HomeDirect TaxNo Addition on Alleged Bogus Purchases Without Evidence: ITAT

No Addition on Alleged Bogus Purchases Without Evidence: ITAT

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The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that no addition can be sustained on account of alleged bogus purchases where the assessee has furnished complete documentary evidence and the Revenue fails to discharge its burden of proof.  The bench of Mahavir Singh (Vice President) and Amitabh Shukla (Accountant Member) deleted…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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