https://www.taxtmi.com/caselaws?id=189948 The appeal under section 260A of the IT Act challenging the Tribunal's order on the purchase of Rs. 33.13 lacs from non-existent parties was dismissed. The Tribunal's factual findings were upheld, affirming the CIT(A)'s decision that the purchases were genuine based on evidence of regular purchase bills, delivery of goods, payment methods, and utilization of raw material. The appellant Revenue failed to prove the purchases were bogus, and the Tribunal found the assessee satisfactorily explained the payment modes for the raw material, leading to the deletion of the addition made by the AO. en-us Thu, 10 Feb 2011 00:00:00 +0530 Fri, 27 Jan 2017 16:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189948 The appeal under section 260A of the IT Act challenging the Tribunal's order on the purchase of Rs. 33.13 lacs from non-existent parties was dismissed. The Tribunal's factual findings were upheld, affirming the CIT(A)'s decision that the purchases were genuine based on evidence of regular purchase bills, delivery of goods, payment methods, and utilization of raw material. The appellant Revenue failed to prove the purchases were bogus, and the Tribunal found the assessee satisfactorily explained the payment modes for the raw material, leading to the deletion of the addition made by the AO. Case-Laws Income Tax Thu, 10 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189948