https://www.taxtmi.com/caselaws?id=77921 The appeals challenging the ITAT order regarding over-invoicing purchases and failure to produce the supplier for the Assessment Year 2005-2006 were dismissed. The Revenue argued that the purchases were inflated to reduce profits, but the inability to produce the supplier was seen as a failure to discharge the onus. The ITAT found the purchase rate difference insignificant and emphasized the importance of commercial expediency in judging expenditures. Ultimately, no substantial question of law arose, leading to the dismissal of the appeals. en-us Tue, 03 Aug 2010 00:00:00 +0530 Thu, 21 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77921 The appeals challenging the ITAT order regarding over-invoicing purchases and failure to produce the supplier for the Assessment Year 2005-2006 were dismissed. The Revenue argued that the purchases were inflated to reduce profits, but the inability to produce the supplier was seen as a failure to discharge the onus. The ITAT found the purchase rate difference insignificant and emphasized the importance of commercial expediency in judging expenditures. Ultimately, no substantial question of law arose, leading to the dismissal of the appeals. Case-Laws Income Tax Tue, 03 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77921