Sh. Kapil Raj Anand Vs. DCIT

Parties Involved

Facts Summary

The assessee, Sh. Kapil Raj Anand, raised a challenge against the Commissioner of Income Tax (Appeals)-30's orders treating his purchases amounting to Rs.3,40,17,291 in AY 2020-21 and Rs.23,79,987/- in AY 2021-22 sourced from M/s. Sanjay Jain group, as bogus purchases under section 69C of the Income-tax Act, 1961. The assessee is engaged in the construction business, and there is no dispute that some cash turnover is possible. The corresponding sales of the assessee have not been questioned in the lower proceedings. Both parties reiterated their stands against and in support of the impugned bogus purchases disallowance.…

Legal Issues

• 1. Whether the purchases amounting to Rs.3,40,17,291 in AY 2020-21 and Rs.23,79,987/- in AY 2021-22 sourced from M/s. Sanjay Jain group should be treated as bogus purchases under section 69C of the Act.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• M/s. Harbel Singh and Sons vs. DCIT, Central Circle-30

  Delhi Bench benchAY 2018-19 to 2021-22Partly Allowed

• Sh. Devinder Singh Vs. DCIT, Central Circle-30, New Delhi

• Real Value Foods Pvt. Ltd. Vs Income Tax Officer, Ward-21(1), New Delhi-110002

  Delhi Bench 'SMC', New Delhi benchAY 2019-20Partly Allowed

• SCK Infratech Pvt. Ltd. Vs. DCIT

  Delhi Bench benchAY 2020-21Partly Allowed

• Sh. Mahesh Chand Vs. Income Tax Officer, Delhi

• Bhansali Udyog Pvt. Ltd. Vs. Income Tax Officer

  Delhi Bench benchAY 2018-19Partly Allowed