ACIT, Circle- 28(1), New Delhi Mohit Saraogi, New Delhi

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Last updated: 19 April 2021
Quick Summary
This appeal by the Revenue concerns an assessment year of 2014-15, challenging the deletion of an addition of over £2 crore made by the Assessing Officer (AO) for bogus purchases. The AO had based this addition on the grounds that the addresses of three creditors were found to be locked and uninhabited, these creditors purchased from parties who also did not exist at their stated premises, and they had high turnovers with minimal employees and no proper logistics. Furthermore, the AO noted that these creditors operated from the same premises and were related to each other.

Court :
ITAT New Delhi

Brief :
This appeal by the Revenue is directed against the order of Ld. CIT(A)-31, New Delhi dated 20.09.2017 pertaining to assessment year2014-15. The Revenue has raised following grounds of appeal:-

Citation :
ITA 7381/DEL/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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