https://www.taxtmi.com/caselaws?id=339523 The ITAT Mumbai dismissed the AO's appeal and upheld the FAA's decision to reject the addition under section 69C for alleged bogus purchases of Rs. 3.15 crores. The tribunal found that the assessee had fulfilled the burden of proof, with payments made through account payee cheques and supported by bills and delivery challans. The ITAT concluded that the AO failed to counter the evidence presented, affirming that section 69C did not apply to the purchases, emphasizing the importance of meeting the burden of proof in such cases. en-us Fri, 06 Jan 2017 00:00:00 +0530 Wed, 01 Mar 2017 09:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339523 The ITAT Mumbai dismissed the AO's appeal and upheld the FAA's decision to reject the addition under section 69C for alleged bogus purchases of Rs. 3.15 crores. The tribunal found that the assessee had fulfilled the burden of proof, with payments made through account payee cheques and supported by bills and delivery challans. The ITAT concluded that the AO failed to counter the evidence presented, affirming that section 69C did not apply to the purchases, emphasizing the importance of meeting the burden of proof in such cases. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339523