ITO Vs Varda Energy and Engineering (ITAT Raipur)
Case ke facts
Assessment me department ne 3.91 crore ka bogus purchase pakda. Company ne bataya ki purchase to work-in-progress (WIP) me capitalise ho chuki hai, kharcha expense nahi hua.
Mudda (Issue)
Kya WIP me capitalised purchase par bogus purchase ka addition ho sakta hai?
Faisla (Held)
ITAT ne addition hata diya, kyunki purchase WIP me hi hai, income effect realisation time pe hoga.
Practical takeaway
Agar purchase WIP me dala hai, to us par turant bogus addition nahi ho sakta. Sab records sahi aur align honi chahiye balance sheet se.
Original report: taxguru.in
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Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-11-02.