https://www.taxtmi.com/caselaws?id=264024 The appeal was filed against the CIT(A) order confirming the disallowance of Rs. 66,01,449 on account of purchases made by the assessee company. The AO found the assessee inflated purchases without proper evidence. The assessee argued that sales underreporting by the seller was rectified and confirmed, but authorities didn't consider it. The Tribunal noted the seller's rectification and directed the AO to verify purchase amount from books, confirmation, and bank statements. The appeal was partly dismissed and partly allowed for statistical purposes, with the issue remanded for further verification. en-us Fri, 14 Nov 2014 00:00:00 +0530 Wed, 16 Sep 2015 06:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264024 The appeal was filed against the CIT(A) order confirming the disallowance of Rs. 66,01,449 on account of purchases made by the assessee company. The AO found the assessee inflated purchases without proper evidence. The assessee argued that sales underreporting by the seller was rectified and confirmed, but authorities didn't consider it. The Tribunal noted the seller's rectification and directed the AO to verify purchase amount from books, confirmation, and bank statements. The appeal was partly dismissed and partly allowed for statistical purposes, with the issue remanded for further verification. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264024