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2023 (12) TMI 880 - AT - Income TaxBogus purchases - protective addition of 5% in hands of assessee - addition on account of alleged commission/brokerage as business income - HELD THAT:- Tribunal in its decision in the case of Orient Craft Ltd. [2021 (10) TMI 154 - ITAT DELHI] had held that purchases made by M/s. Orient Craft Ltd. from the assessee were genuine. Hence, protective addition in the hands of the assessee in all the assessment years under consideration here is not sustainable. As a sequel, the order of the ld. CIT (A) making addition of alleged commission/brokerage as business income in the hands of the assessee for all the assessment years cannot be sustained. Decided in favour of assessee.
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