Sh. Manish Khandelwal Vs. Income Tax Officer
Case No: ITA No.2995/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Bench
Date: 1/22/2026
Parties Involved
appellantSh. Manish Khandelwal
respondentIncome Tax Officer, Ward-44(1), New Delhi
Facts Summary
The case involves an appeal by Sh. Manish Khandelwal against the order of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (CIT(A)/NFAC), Delhi, which disallowed certain expenditures as bogus under section 69C of the Income-tax Act, 1961. The assessee, engaged in trading raw materials like iron and steel, had expenditures amounting to Rs.1,17,87,527/- in the assessment year 2011-12, which were treated as bogus by the lower authorities. The assessee challenged this disallo…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the expenditures of Rs.1,17,87,527/- by the assessee towards purchases should be treated as bogus under section 69C of the Income-tax Act, 1961.
Precedents Relied Upon
6 precedents cited in this judgement.