https://www.taxtmi.com/caselaws?id=262734 The ITAT confirmed the addition of Rs. 8,62,500/- as net profit on unverifiable purchases and disallowed the deduction under Section 80HHC on Rs. 23,76,774/-. The judgment highlights the importance of correlating purchases with exports for claiming deductions and providing sufficient evidence to prove transaction genuineness. en-us Fri, 24 Jul 2015 00:00:00 +0530 Wed, 19 Aug 2015 07:47:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262734 The ITAT confirmed the addition of Rs. 8,62,500/- as net profit on unverifiable purchases and disallowed the deduction under Section 80HHC on Rs. 23,76,774/-. The judgment highlights the importance of correlating purchases with exports for claiming deductions and providing sufficient evidence to prove transaction genuineness. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262734