Bogus Purchase, Claim of Expense Denied without Corroborative Evidence: Delhi HC quashes Reassessment Order [Read Order]

Bogus Purchase - Claim of Expense - Expense - Claim - Corroborative Evidence - taxscan

The Delhi High Court quashed the reassessment as alleging a Bogus Purchase, the claim of expense denied without corroborative evidence. Mr Shlok Chandra, learned senior standing counsel, accepts notice on behalf of the respondent/revenue.  The writ petition was filed by Luv Impex Private Limited challenging the notice issued under Section 148A(b) of the Income Tax…

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