https://www.taxtmi.com/caselaws?id=409436 The ITAT dismissed the revenue's appeal against the deletion of addition of bogus purchases, totaling Rs. 12,13,802, as genuine purchases. The appeal was found not maintainable under the CBDT Circular No. 3/2018 due to the tax effect not meeting the specified criteria. The ITAT held that the addition was not based on information from external law enforcement agencies as required by the circular, resulting in the dismissal of the revenue's appeal. en-us Wed, 30 Jun 2021 00:00:00 +0530 Thu, 08 Jul 2021 08:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409436 The ITAT dismissed the revenue's appeal against the deletion of addition of bogus purchases, totaling Rs. 12,13,802, as genuine purchases. The appeal was found not maintainable under the CBDT Circular No. 3/2018 due to the tax effect not meeting the specified criteria. The ITAT held that the addition was not based on information from external law enforcement agencies as required by the circular, resulting in the dismissal of the revenue's appeal. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409436