{"id":64962,"date":"2026-10-07T10:17:43","date_gmt":"2026-10-07T04:47:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-pravesh-kumar-jaiswal-cal-hc-www-itatonline-org\/"},"modified":"2026-10-07T10:17:43","modified_gmt":"2026-10-07T04:47:43","slug":"pcit-v-pravesh-kumar-jaiswal-cal-hc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-pravesh-kumar-jaiswal-cal-hc-www-itatonline-org\/","title":{"rendered":"PCIT v. Pravesh Kumar Jaiswal (Cal.)(HC) [www.itatonline.org]"},"content":{"rendered":"<div>\n<p>The assessee had declared purchases which were treated by the Assessing Officer as sham\/non-genuine on the ground that the suppliers did not respond to notices under section 133(6) and certain GST registrations were cancelled\/suspended. An addition of Rs.12,73,85,064 was made under section 69C read with section 115BBE. The CIT(A) confirmed the addition. The Tribunal deleted the addition after considering the books of account, purchase invoices, banking-channel payments and other evidence, observing that the sales were accepted and the books were not rejected under section 145(3). The High Court held that once the sales were accepted, the corresponding purchases could not be disbelieved or disallowed in entirety, particularly when the assessee had furnished supporting evidence and the Tribunal had recorded findings on appreciation of the material. The findings were findings of fact and no substantial question of law arose. The Revenue\u2019s appeal was accordingly dismissed. <strong>(AY. 2021-22) (ITAT No. 147 of 2026 dt. 22-09-2026)<\/strong><b><\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p> S. 69C: Unexplained expenditure -Unexplained expenditure \u2013 Bogus purchases \u2013 Sales accepted and books of account not rejected under section 145(3) \u2013Furnished books of account, purchase invoices, payment details through banking channels and other supporting evidence \u2013 Addition based merely on non-response of suppliers to notices under section 133(6) and cancellation of GST registrations \u2013 Once corresponding sales were accepted, purchases could not be disbelieved or disallowed in entirety \u2013 Finding of Tribunal based on appreciation of evidence was a finding of fact \u2013 No substantial question of law arose \u2013 Revenue\u2019s appeal dismissed. [S. 69A, 69C, 115BBE, 133(6), 145(3), 260A.]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64962","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gTM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64962"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64962\/revisions"}],"predecessor-version":[{"id":64963,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64962\/revisions\/64963"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}