The Court : This appeal filed by the appellant/revenue under Section 260A of the
Income Tax Act, 1961 (the Act) is directed against the order dated June 11, 2024
passed by the Income Tax Appellate Tribunal, “A” Bench, Kolkata, in ITA
No.929/Kol/2023 for the assessment year 2012-13.
The revenue has raised the following substantial questions of law for consideration:
“i) Whether on the facts and circumstances of the case, the
Learned Tribunal was justified in law to delete the addition of
Rs.47,03,192/- made under Section 69C of the Income Tax Act,
1961 on account of bogus purchases by holding that application
of Section 69C of the Income Tax Act, 1961 is incorrect in a case
of bogus purchase which was found to be made from
unverifiable sources based on credible investigation?
