https://www.taxtmi.com/caselaws?id=259238 Alleged purchases of packing material were treated as bogus expenditure where the supplier could not be traced, notices remained unserved, local enquiries failed to locate the concern, and the bank trail showed immediate cash withdrawals; on those facts, the addition was sustained and rejection of the books of account was upheld. The Revenue's appeal was also held not maintainable because the CBDT's revised monetary-limit instruction applied to pending matters, and the tax effect was below the prescribed threshold; accordingly, the appeal was dismissed in limine. The commentary states that unsubstantiated purchase claims may be disallowed when adverse material is not rebutted by credible evidence, and departmental appeals below the binding threshold cannot be entertained. en-us Fri, 20 Mar 2015 00:00:00 +0530 Mon, 04 May 2015 08:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259238 Alleged purchases of packing material were treated as bogus expenditure where the supplier could not be traced, notices remained unserved, local enquiries failed to locate the concern, and the bank trail showed immediate cash withdrawals; on those facts, the addition was sustained and rejection of the books of account was upheld. The Revenue's appeal was also held not maintainable because the CBDT's revised monetary-limit instruction applied to pending matters, and the tax effect was below the prescribed threshold; accordingly, the appeal was dismissed in limine. The commentary states that unsubstantiated purchase claims may be disallowed when adverse material is not rebutted by credible evidence, and departmental appeals below the binding threshold cannot be entertained. Case-Laws Income Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259238