Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]

By Fathima Karama A.M - On November 7, 2023 4:30 pm - 2 mins read
Partial relief of Disallowance - Partial relief - Disallowance - Bogus Purchase - ITAT upholds Partial relief - no Additional Evidence is taken - Additional Evidence - TAXSCAN

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the partial relief as no additional evidence was taken while dealing with partial relief of disallowance under Section 40A(3) of the Income Tax Act 1961 on bogus purchase without seeking remand report. The A.O. had received the information from the Investigation Wing that it…

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