https://www.taxtmi.com/caselaws?id=176222 The HC dismissed the revenue's appeal, affirming the Tribunal's decision to uphold the deletion of the addition for alleged bogus purchases by the assessee. The Tribunal found that the assessee maintained complete and audited accounts with payments made by cheques, and there was no evidence of inflated purchases. The HC noted that the evidence regarding non-existent parties was not presented to the assessee during the assessment, and the factual findings of the lower authorities were not deemed perverse. Consequently, the HC concluded that no substantial question of law warranted consideration. en-us Fri, 16 Jan 2009 00:00:00 +0530 Wed, 01 Nov 2023 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176222 The HC dismissed the revenue's appeal, affirming the Tribunal's decision to uphold the deletion of the addition for alleged bogus purchases by the assessee. The Tribunal found that the assessee maintained complete and audited accounts with payments made by cheques, and there was no evidence of inflated purchases. The HC noted that the evidence regarding non-existent parties was not presented to the assessee during the assessment, and the factual findings of the lower authorities were not deemed perverse. Consequently, the HC concluded that no substantial question of law warranted consideration. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176222