ITAT Directs AO to Delete Addition made on Bogus Purchase without considering Relevant documents of Assessee: Bombay HC Directs Re-Consideration [Read Order]

ITAT Directs AO to - Delete Addition made on Bogus Purchase without considering Relevant documents of Assessee - Bombay HC Directs Re-Consideration - TAXSCAN

The Bombay High Court directed the Income Tax Appellate Tribunal (ITAT) to re-consider the order for deleting the addition made by the assessing officer on bogus purchase on the ground of non-consideration of relevant documents.  Nitin Ramdeoji Lohiathe, the respondent was engaged in the business of trading in industrial oil and transport services. A return…

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