2025 (4) TMI 2136

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.... This appeal has been filed by the Assessee against the order dated 06.11.2024 passed by the NFAC, Delhi for the assessment year 2018-19. 2. Heard both the parties at length and perused the relevant records. 3. It is noted that AO treated the purchases made by the assessee of Rs. 35,68,523/- as bogus and added the same to the income of the assessee and in appeal Ld. CIT(A) confirmed the act....

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....rities below. 5. I have heard both the parties and perused thee records. I have given my thoughtful consideration to the assessee's arguments and Revenue's contention in support of the impugned addition. I find no reason to accept either parties stand in entirety. This is for the precise reason that neither the assessee has been able to properly explain the purchase nor the department could sim....