https://www.taxtmi.com/caselaws?id=329323 An assessee claiming purchase expenditure must prove the genuineness of the purchases with primary evidence such as bills, stock records and proof of payment; if such material is withheld, an adverse inference may be drawn under Section 114(g) of the Evidence Act and the purchase addition sustained. The acceptance of declared sales does not by itself make the purchases genuine: where only the purchase side is unproved, the sales recorded in the assessee's books may still be accepted while the corresponding profit element is increased. On these principles, the additions were upheld and the assessee's challenge failed. en-us Wed, 15 Jun 2016 00:00:00 +0530 Thu, 17 Nov 2016 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329323 An assessee claiming purchase expenditure must prove the genuineness of the purchases with primary evidence such as bills, stock records and proof of payment; if such material is withheld, an adverse inference may be drawn under Section 114(g) of the Evidence Act and the purchase addition sustained. The acceptance of declared sales does not by itself make the purchases genuine: where only the purchase side is unproved, the sales recorded in the assessee's books may still be accepted while the corresponding profit element is increased. On these principles, the additions were upheld and the assessee's challenge failed. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329323