https://www.taxtmi.com/caselaws?id=209662 The High Court upheld the Tribunal's decision to dismiss the Revenue's appeal regarding alleged bogus purchases. Both the CIT(A) and Tribunal found the transactions genuine based on evidence provided by the assessee, including vouchers and bank records. The High Court emphasized that once the appellate authorities accept the factual explanation and delete additions, there is no substantial question of law for appeal under section 260A. The court reiterated that it cannot re-examine factual issues and dismissed the appeal, stating it lacked any substantial question of law. en-us Mon, 10 Oct 2011 00:00:00 +0530 Fri, 03 Feb 2012 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209662 The High Court upheld the Tribunal's decision to dismiss the Revenue's appeal regarding alleged bogus purchases. Both the CIT(A) and Tribunal found the transactions genuine based on evidence provided by the assessee, including vouchers and bank records. The High Court emphasized that once the appellate authorities accept the factual explanation and delete additions, there is no substantial question of law for appeal under section 260A. The court reiterated that it cannot re-examine factual issues and dismissed the appeal, stating it lacked any substantial question of law. Case-Laws Income Tax Mon, 10 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209662