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2021 (6) TMI 577 - AT - Income TaxBogus purchases u/s 69C - CIT deleted the addition - HELD THAT:- We find that Ld. CIT(A) has given a reasonable order. Without doubting the sales such disallowances tantamounting to 100% disallowances which is not sustainable on the touchstone of Bombay High court decision in Nikunj Eximp Enterprises Pvt. Ltd. vs. CIT 2014 (7) TMI 559 - BOMBAY HIGH COURT] - Hence, we uphold the order of Ld. CIT(A).Hence, we uphold the order of Ld. CIT(A). Appeal by the revenue stands dismissed.
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