https://www.taxtmi.com/caselaws?id=783067 The ITAT Agra dismissed the revenue's appeal challenging deletion of addition on account of alleged bogus purchases of "raw boneless meat" and round-tripping of funds. The AO had proceeded on an incorrect factual premise that the assessee carried on manufacturing activities, whereas the record showed the assessee had leased its factory premises to another entity and was only earning rental income, with supporting rent agreements and ledgers. The Tribunal held that the CIT(A) correctly appreciated the factual matrix, found the purchases allegation unsustainable, and rightly deleted the addition. en-us Thu, 04 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783067 The ITAT Agra dismissed the revenue's appeal challenging deletion of addition on account of alleged bogus purchases of "raw boneless meat" and round-tripping of funds. The AO had proceeded on an incorrect factual premise that the assessee carried on manufacturing activities, whereas the record showed the assessee had leased its factory premises to another entity and was only earning rental income, with supporting rent agreements and ledgers. The Tribunal held that the CIT(A) correctly appreciated the factual matrix, found the purchases allegation unsustainable, and rightly deleted the addition. Case-Laws Income Tax Thu, 04 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783067