Genuineness of purchases treated as a question of fact where supplier identity and payment trail supported the claim.

Genuineness of rice bran purchases was treated as a pure question of fact, because the appellate findings showed supply by the concerned persons through their firms and payment traceable to the same persons through bank accounts. The Tribunal accepted those findings, and the High Court held that no substantial question of law arose from that factual appreciation. The conclusion that the purchases were not bogus was therefore upheld on the factual record.

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Issues: Whether the Tribunal was justified in treating the assessee's purchases of rice bran as genuine and not bogus.

Analysis: The dispute turned on appreciation of material and statements recorded before the appellate authority. The appellate authority found that the rice bran was supplied by the concerned persons in the names of their firms and that the payments were traced to the same persons through their bank accounts. The Tribunal accepted those findings. The High Court held that the genuineness of the purchases was a pure question of fact and did not give rise to any substantial question of law.

Conclusion: The finding that the purchases were not bogus was upheld and no question of law arose for consideration.

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