2025 (8) TMI 670

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.... This assessee's appeal for assessment year 2018-19, arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the "CIT(A)/NFAC"], Delhi's DIN and order no. ITBA/NFAC/S/250/2024-25/1067439317(1), dated 08.08.2024 involving proceedings under section 147 r.w.s. 144 of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'). 2. Heard both the parti....

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....t the department herein could not dispute that the assessee's corresponding sales already stand treated as genuine, and therefore, I quote PCIT Vs. Mohammad Hazi Adam & Co. (2019) 103 taxmann.com 459 (Bom) to hold that the only gross profit element involved in these purchases deserve to be disallowed. It is indeed coupled with the fact that the assessee has filed all her other evidences explaining....