https://www.taxtmi.com/caselaws?id=330090 The Tribunal partly allowed the Revenue's appeals, directing the Assessing Officer to compute the peak of unexplained cash utilized for cash purchases. The decision highlights the need for proper documentation to substantiate purchases and the challenges in verifying transaction genuineness in cases of alleged bogus purchases. en-us Fri, 20 May 2016 00:00:00 +0530 Mon, 18 Jul 2016 11:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330090 The Tribunal partly allowed the Revenue's appeals, directing the Assessing Officer to compute the peak of unexplained cash utilized for cash purchases. The decision highlights the need for proper documentation to substantiate purchases and the challenges in verifying transaction genuineness in cases of alleged bogus purchases. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330090