https://www.taxtmi.com/caselaws?id=342621 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of alleged bogus purchases made by the Assessing Officer. The ld. CIT(Appeals) found the purchases to be genuine, supported by valid bills and payments through account payee cheques. Despite the Revenue's argument of insufficient verification and violation of Rule 46A(3) of the Income Tax Rules, the Tribunal upheld the deletion of the addition, concluding that the bills were submitted during assessment proceedings. The decision was pronounced on May 5, 2017. en-us Fri, 05 May 2017 00:00:00 +0530 Tue, 09 May 2017 07:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342621 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of alleged bogus purchases made by the Assessing Officer. The ld. CIT(Appeals) found the purchases to be genuine, supported by valid bills and payments through account payee cheques. Despite the Revenue's argument of insufficient verification and violation of Rule 46A(3) of the Income Tax Rules, the Tribunal upheld the deletion of the addition, concluding that the bills were submitted during assessment proceedings. The decision was pronounced on May 5, 2017. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342621