DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI
ITA 7842/DEL/2025[2022-23]Status: DisposedITAT Delhi20 Mar 2026AY 2022-23
Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra
For Appellant: Shri Amit Goel and Shri Pranav Yadav, Advocate
Section 132Section 143(3)Section 147Section 37Section 37(1)Section 69A
facts. Moreover, the recorded was wrong/containing factually incorrect facts. Moreover, the recorded was wrong/containing factually incorrect facts. Moreover, the statements were r statements were retracted.
statements were r statements were r etracted.
etracted.
etracted.
The Assessing Officer has made additions treating certain purchases as genuine. The disallowance is primarily based ... cannot be relied upon in isolation;
The Assessing Officer must examine the explanation with reference to books of account;
Addition based solely on a retracted statement without corroboration is not tenable.
The Court specifically observed that even where retraction is delayed, the AO is not absolved from examining the explanation