https://www.taxtmi.com/caselaws?id=782196 ITAT Delhi held that additions made under s. 68 and on account of alleged bogus purchases were unsustainable. For AY 2016-17, the assessee had not maintained books of account nor prepared a balance sheet or profit and loss account, making the very basis and heads of addition inapplicable to an individual. The AO erred in relying solely on PAN data, where the PAN, though linked to the assessee, reflected the name of a company, a distinct entity. The appeal was allowed and the additions were deleted, decided against the revenue. en-us Wed, 24 Sep 2025 00:00:00 +0530 Mon, 24 Nov 2025 12:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782196 ITAT Delhi held that additions made under s. 68 and on account of alleged bogus purchases were unsustainable. For AY 2016-17, the assessee had not maintained books of account nor prepared a balance sheet or profit and loss account, making the very basis and heads of addition inapplicable to an individual. The AO erred in relying solely on PAN data, where the PAN, though linked to the assessee, reflected the name of a company, a distinct entity. The appeal was allowed and the additions were deleted, decided against the revenue. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782196