Dy.CIT v. Garg Acrylics Ltd. (2020) 84 ITR 537 (Delhi)(Trib.)

S. 69 : Income from undisclosed sources-Bogus purchases-Books of account not rejected-Deletion of addition is affirmed. [S. 133A, 144]

Dismissing the appeal of the revenue the Tribunal held that   the Assessing Officer has not rejected the books of account, even if treated as bogus, had already been taxed and therefore, addition thereof again would amount to double taxation. There was nothing on record to suggest that the assessee had booked any other part of expenditure in the profit and loss account.  (AY.2011-12, 2012-13)