https://www.taxtmi.com/caselaws?id=207585 The High Court dismissed both appeals regarding the genuineness of purchases made by the assessee from M/s. Padmavati Sugar Candy Works for the assessment year 2001-02. The Tribunal's findings, supported by payments made through cheques and proper banking channels, were deemed factual and conclusive. The Court affirmed the Tribunal's decision, emphasizing the significance of factual determinations in such cases and the use of legitimate banking transactions as evidence of genuine business activities. en-us Mon, 11 Jan 2010 00:00:00 +0530 Sat, 17 Dec 2011 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207585 The High Court dismissed both appeals regarding the genuineness of purchases made by the assessee from M/s. Padmavati Sugar Candy Works for the assessment year 2001-02. The Tribunal's findings, supported by payments made through cheques and proper banking channels, were deemed factual and conclusive. The Court affirmed the Tribunal's decision, emphasizing the significance of factual determinations in such cases and the use of legitimate banking transactions as evidence of genuine business activities. Case-Laws Income Tax Mon, 11 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207585