https://www.taxtmi.com/caselaws?id=444797 The ITAT Kolkata allowed the appeals filed by the assessee for the Assessment Years 2013-14 and 2014-15, overturning the decisions of the Commissioner of Income-tax (Appeals). The Tribunal directed the deletion of the addition of Rs. 1,32,877/- as unexplained expenditure for bogus purchases under section 69C, as the materials were used in government projects and certified by the Executive Engineer. The Tribunal found the lower authorities' reliance on the investigation report inadequate, leading to the allowance of both appeals due to the similarity of issues. en-us Thu, 12 Oct 2023 00:00:00 +0530 Mon, 23 Oct 2023 08:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444797 The ITAT Kolkata allowed the appeals filed by the assessee for the Assessment Years 2013-14 and 2014-15, overturning the decisions of the Commissioner of Income-tax (Appeals). The Tribunal directed the deletion of the addition of Rs. 1,32,877/- as unexplained expenditure for bogus purchases under section 69C, as the materials were used in government projects and certified by the Executive Engineer. The Tribunal found the lower authorities' reliance on the investigation report inadequate, leading to the allowance of both appeals due to the similarity of issues. Case-Laws Income Tax Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444797