https://www.taxtmi.com/caselaws?id=337907 The ITAT upheld the CIT(A)'s decision to delete the addition under section 69C of the Income Tax Act, emphasizing the lack of substantial evidence from the AO and procedural lapses, including the denial of cross-examination. The appeal by Revenue was dismissed, affirming that the purchases were genuine based on the evidence provided by the assessee and the failure of the AO to disprove the transactions conclusively. en-us Wed, 16 Nov 2016 00:00:00 +0530 Fri, 20 Jan 2017 07:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337907 The ITAT upheld the CIT(A)'s decision to delete the addition under section 69C of the Income Tax Act, emphasizing the lack of substantial evidence from the AO and procedural lapses, including the denial of cross-examination. The appeal by Revenue was dismissed, affirming that the purchases were genuine based on the evidence provided by the assessee and the failure of the AO to disprove the transactions conclusively. Case-Laws Income Tax Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337907