Sh. Nem Chand Jain Vs Income Tax Officer, Circle-58(1), New Delhi-110002

Parties Involved

Facts Summary

The assessee’s appeal for Assessment Year 2019-20 arises against the CIT(A)/NFAC, Delhi’s DIN & order No. ITBA/NFAC/S/250/2025-26/1082890494(1) dated 27.11.2025, in proceedings u/s 147 of the Income Tax Act, 1961. The assessee challenges the lower authorities’ action treating his purchases amounting to Rs.11,60,008/- sourced from Sh. Sanjay Jain, as bogus under section 69C of the Act.…

Legal Issues

• 1. Whether the purchases amounting to Rs.11,60,008/- sourced from Sh. Sanjay Jain should be treated as bogus under section 69C of the Income Tax Act, 1961.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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