No Corroborative Evidence to show Bogus Purchase: ITAT sets aside Income Tax Addition [Read Order]

No Corroborative Evidence - Bogus Purchase - ITAT - Income Tax Addition - taxscan

The Bangalore bench of the Income Tax Appellate Tribunal(ITAT) set aside the addition made under the Income Tax Act, 1961 in the absence of corroborative Evidence. M/s. Yashaswi Fish Meal and Oil Company, the assessee has filed a return of income and they are either subject to processing of return u/s 143(1) of the Income-tax…

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