https://www.taxtmi.com/caselaws?id=253678 The High Court upheld the Tribunal's decision to dismiss the Revenue's appeal regarding undisclosed cash purchases and bogus sundry creditors. The Court found that the evidence presented by the assessee, including payment details via account payee cheques and bank statements, supported the genuineness of the transactions. Since payments were made through legitimate means and properly recorded, the Court concluded that there was no substantial question of law to warrant overturning the Tribunal's decision. Therefore, the appeal was rejected. en-us Thu, 21 Aug 2014 00:00:00 +0530 Thu, 19 Mar 2026 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253678 The High Court upheld the Tribunal's decision to dismiss the Revenue's appeal regarding undisclosed cash purchases and bogus sundry creditors. The Court found that the evidence presented by the assessee, including payment details via account payee cheques and bank statements, supported the genuineness of the transactions. Since payments were made through legitimate means and properly recorded, the Court concluded that there was no substantial question of law to warrant overturning the Tribunal's decision. Therefore, the appeal was rejected. Case-Laws Income Tax Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253678