https://www.taxtmi.com/caselaws?id=240187 The Tribunal partly allowed the appeal by upholding the deletion of additions related to bogus purchases and consequential profit. The ground concerning ROC fees was allowed in favor of the revenue, as it was deemed capital expenditure not deductible under the Income Tax Act. The Tribunal emphasized the genuineness of the transactions, supported by various evidence, and dismissed the revenue's grounds based on lack of conclusive evidence. en-us Wed, 06 Feb 2013 00:00:00 +0530 Wed, 27 Nov 2013 23:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240187 The Tribunal partly allowed the appeal by upholding the deletion of additions related to bogus purchases and consequential profit. The ground concerning ROC fees was allowed in favor of the revenue, as it was deemed capital expenditure not deductible under the Income Tax Act. The Tribunal emphasized the genuineness of the transactions, supported by various evidence, and dismissed the revenue's grounds based on lack of conclusive evidence. Case-Laws Income Tax Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240187