https://www.taxtmi.com/caselaws?id=261401 The First Appellate Authority (FAA) deleted the addition of Rs. 1,37,65,667 made under section 69C of the Income Tax Act by the Assessing Officer (AO). The FAA found the purchases genuine, supported by proper documentation and regular business activities, outweighing suspicions raised by the sales tax department. Despite issues with undelivered notices and failure to rebut sales tax department findings, the FAA concluded in favor of the assessee, leading to the dismissal of the AO's appeal. en-us Wed, 13 May 2015 00:00:00 +0530 Wed, 08 Jul 2015 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261401 The First Appellate Authority (FAA) deleted the addition of Rs. 1,37,65,667 made under section 69C of the Income Tax Act by the Assessing Officer (AO). The FAA found the purchases genuine, supported by proper documentation and regular business activities, outweighing suspicions raised by the sales tax department. Despite issues with undelivered notices and failure to rebut sales tax department findings, the FAA concluded in favor of the assessee, leading to the dismissal of the AO's appeal. Case-Laws Income Tax Wed, 13 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261401