https://www.taxtmi.com/caselaws?id=178727 The HC dismissed the appellant's appeal, upholding the ITAT's decision that accepted the genuineness of transactions related to raw material purchases for the assessment year 1996-97. The HC found no merit in the appellant's arguments against the ITAT's findings, which were based on evidence such as payment modes, tax deductions, and bank statements. The court differentiated this case from others involving fictitious transactions, concluding that the transactions were genuine and the ITAT's findings were not legally flawed. The appeal was dismissed for lack of merit. en-us Mon, 23 Mar 2009 00:00:00 +0530 Wed, 25 Oct 2023 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178727 The HC dismissed the appellant's appeal, upholding the ITAT's decision that accepted the genuineness of transactions related to raw material purchases for the assessment year 1996-97. The HC found no merit in the appellant's arguments against the ITAT's findings, which were based on evidence such as payment modes, tax deductions, and bank statements. The court differentiated this case from others involving fictitious transactions, concluding that the transactions were genuine and the ITAT's findings were not legally flawed. The appeal was dismissed for lack of merit. Case-Laws Income Tax Mon, 23 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178727