https://www.taxtmi.com/caselaws?id=183474 The ITAT upheld the FAA's decision regarding the disallowance of purchases, emphasizing the importance of providing substantive evidence to support claims and the significance of reconciliation statements in such cases. The appeal by the AO was dismissed, affirming the FAA's order to disallow Rs. 1.05 crores out of the total Rs. 3.95 crores disallowed during assessment. en-us Wed, 14 Oct 2015 00:00:00 +0530 Fri, 10 Jun 2016 16:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183474 The ITAT upheld the FAA's decision regarding the disallowance of purchases, emphasizing the importance of providing substantive evidence to support claims and the significance of reconciliation statements in such cases. The appeal by the AO was dismissed, affirming the FAA's order to disallow Rs. 1.05 crores out of the total Rs. 3.95 crores disallowed during assessment. Case-Laws Income Tax Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183474