https://www.taxtmi.com/caselaws?id=258036 The tribunal allowed the assessee's appeal, setting aside the disallowance of purchases as bogus and rejecting the rejection of the books of account under section 145(3) of the Income Tax Act. The tribunal found no reason to doubt the genuineness of the purchases from one supplier and directed the deletion of the disallowance, emphasizing the authenticity of the account entries and the explanation provided for the loan transactions between distributors. en-us Wed, 09 Jul 2014 00:00:00 +0530 Mon, 30 Mar 2015 06:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258036 The tribunal allowed the assessee's appeal, setting aside the disallowance of purchases as bogus and rejecting the rejection of the books of account under section 145(3) of the Income Tax Act. The tribunal found no reason to doubt the genuineness of the purchases from one supplier and directed the deletion of the disallowance, emphasizing the authenticity of the account entries and the explanation provided for the loan transactions between distributors. Case-Laws Income Tax Wed, 09 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258036