2026 (10) TMI 36

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.... Singh, CIT(DR) ORDER PER SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER: This assessee's appeal for assessment year 2019-20, 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/250/2026-27/1088331813(1) dated 07.10.2025 involving proceedings under section 147 of the Income-tax Act, 1961 (h....

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....ee is engaged in the business of wholesale of industrial chemicals all along wherein possibility of assessee sourcing its purchases from unregistered dealers per se could not be altogether ruled out as well. And that his corresponding sales have nowhere been questioned in both the lower proceedings. Various recent judicial precedents (2025) 173 taxmann.com 592 (Guj.) Ravjibhai Becharbhai Dhamelia ....