Skip to main content
← back
Must-Read

ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns

Update / Judgement Date

27 Jan 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceIncome Tax

The ITAT quashed the PCIT's revision order that accused a taxpayer of making bogus purchases. The court ruled in favor of the taxpayer, citing plausible views, the ITO report, and VAT returns supporting the purchases, making the revision order invalid. The case reaffirmed that reasonable assessments based on available evidence are critical in tax disputes.