https://www.taxtmi.com/caselaws?id=258827 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 95,01,945/- in expenses for grey cloth purchases, dismissing the Revenue's appeal. The Tribunal found the AO's suspicion of bogus purchases unsubstantiated, noting the assessee's comprehensive evidence, including audited accounts and supplier confirmations. The Tribunal emphasized the lack of concrete evidence and investigative efforts by the AO, affirming the CIT(A)'s ruling based on the adequacy of the assessee's documentation. en-us Fri, 13 Mar 2015 00:00:00 +0530 Tue, 21 Apr 2015 19:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258827 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 95,01,945/- in expenses for grey cloth purchases, dismissing the Revenue's appeal. The Tribunal found the AO's suspicion of bogus purchases unsubstantiated, noting the assessee's comprehensive evidence, including audited accounts and supplier confirmations. The Tribunal emphasized the lack of concrete evidence and investigative efforts by the AO, affirming the CIT(A)'s ruling based on the adequacy of the assessee's documentation. Case-Laws Income Tax Fri, 13 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258827