https://www.taxtmi.com/caselaws?id=251523 The High Court ruled in favor of the department in appeals against ITAT orders for assessment years 2008-09 and 2009-10 concerning purchases from M/s Gopal Enterprises. The Court found the purchases to be bogus, as the proprietor admitted to running a dummy business without bills and not being involved with the assessee. Considering discrepancies in the AO's findings and book entry manipulations, the Court reinstated the AO's orders, emphasizing the significance of genuine transactions and proper documentation in tax assessments. en-us Tue, 02 Sep 2014 00:00:00 +0530 Wed, 17 Sep 2014 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251523 The High Court ruled in favor of the department in appeals against ITAT orders for assessment years 2008-09 and 2009-10 concerning purchases from M/s Gopal Enterprises. The Court found the purchases to be bogus, as the proprietor admitted to running a dummy business without bills and not being involved with the assessee. Considering discrepancies in the AO's findings and book entry manipulations, the Court reinstated the AO's orders, emphasizing the significance of genuine transactions and proper documentation in tax assessments. Case-Laws Income Tax Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251523