The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that mere non-filing or alleged irregular filing of income tax returns by suppliers is not sufficient to treat purchases as bogus, and on that basis dismissed the Revenue’s appeal against deletion of a Rs. 25.55 crore addition made on alleged non-genuine purchases. The…
HomeDirect TaxITR Non-Filing by Suppliers Alone Can’t Justify Disallowance of Purchases: ITAT Deletes...
ITR Non-Filing by Suppliers Alone Can’t Justify Disallowance of Purchases: ITAT Deletes of Rs. 25.55 Crore Addition
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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