Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]

bogus purchases - material records - ITAT - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that findings on bogus purchases not rebutted by material records are not sustainable and upholds the addition made u/s 69 of the Income Tax Act The appellant filed its return of income on 29.9.2011 declaring a total income of Rs. 3,18,600/-in which the assessment…

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