https://www.taxtmi.com/caselaws?id=769544 Delhi HC set aside ITAT order in bogus purchases case and remanded matter for fresh consideration. Court found ITAT failed to examine whether additions were made under Section 68 as claimed by CIT(A), despite assessment order not mentioning this provision. ITAT also did not consider appellant's contention that since sales were accepted, allowance should be made for purchases even if suppliers didn't supply goods. HC directed ITAT to examine sustainability of Section 68 additions and whether purchase allowance required if creditors didn't supply goods on credit. en-us Tue, 15 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769544 Delhi HC set aside ITAT order in bogus purchases case and remanded matter for fresh consideration. Court found ITAT failed to examine whether additions were made under Section 68 as claimed by CIT(A), despite assessment order not mentioning this provision. ITAT also did not consider appellant's contention that since sales were accepted, allowance should be made for purchases even if suppliers didn't supply goods. HC directed ITAT to examine sustainability of Section 68 additions and whether purchase allowance required if creditors didn't supply goods on credit. Case-Laws Income Tax Tue, 15 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769544