https://www.taxtmi.com/caselaws?id=68167 The Appellate Tribunal ITAT Jaipur upheld the addition of Rs. 86,500 to the assessee firm's total income for the year 1986-87 due to bogus purchase transactions with incomplete details and untraceable addresses. The Tribunal found the purchases to be non-genuine based on investigations revealing discrepancies and non-existent parties. Despite the assessee's arguments, the Tribunal dismissed the appeal, affirming the CIT(A)'s decision, emphasizing the need to eliminate such entries from accounts. en-us Wed, 24 Jan 1996 00:00:00 +0530 Thu, 17 Mar 2011 13:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68167 The Appellate Tribunal ITAT Jaipur upheld the addition of Rs. 86,500 to the assessee firm's total income for the year 1986-87 due to bogus purchase transactions with incomplete details and untraceable addresses. The Tribunal found the purchases to be non-genuine based on investigations revealing discrepancies and non-existent parties. Despite the assessee's arguments, the Tribunal dismissed the appeal, affirming the CIT(A)'s decision, emphasizing the need to eliminate such entries from accounts. Case-Laws Income Tax Wed, 24 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68167