https://www.taxtmi.com/caselaws?id=213512 The Tribunal upheld the CIT(A)'s decision in an appeal concerning the assessment year 2005-06, where the Revenue challenged the genuineness of purchases made by the assessee. Despite discrepancies in confirmations and expenses, the Tribunal found the additions made by the AO unjustified, as transactions were supported by evidence and properly recorded. The Tribunal dismissed the Revenue's appeal, confirming the disallowance of a portion of expenses while accepting the rest, emphasizing the lack of significant discrepancies and proper verification of transactions. en-us Fri, 25 Nov 2011 00:00:00 +0530 Thu, 24 May 2012 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213512 The Tribunal upheld the CIT(A)'s decision in an appeal concerning the assessment year 2005-06, where the Revenue challenged the genuineness of purchases made by the assessee. Despite discrepancies in confirmations and expenses, the Tribunal found the additions made by the AO unjustified, as transactions were supported by evidence and properly recorded. The Tribunal dismissed the Revenue's appeal, confirming the disallowance of a portion of expenses while accepting the rest, emphasizing the lack of significant discrepancies and proper verification of transactions. Case-Laws Income Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213512