2025 (12) TMI 721

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.... : Ms. Ankush Kalra, Sr. DR ORDER PER NAVEEN CHANDRA, ACCOUNTANT MEMBER:- The above captioned two separate appeals by the Revenue are preferred against the order of the ld. CIT(A)/NFAC, Delhi dated 28.03.2025 pertaining to A.Ys. 2016-17 and 2017-18. 2. None appeared on behalf of the assessee. We decided to proceed exparte with the assistance of the ld. DR who was heard at length. Case ....

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....ot finding the response of the assessee satisfactory, considered the said purchase as bogus and passed the order of assessment on 30.03.2022 making addition of Rs. 3,33,45,268/- u/s 69C of the Act. 5. Aggrieved, the assessee went in appeal before the ld. CIT(A) who restricted the disallowance by holding that the average NP in last three years comes at 1.84%. Though the assessee has already paid....