https://www.taxtmi.com/caselaws?id=344173 The appellant's challenge against the addition under section 69C of the Income Tax Act for bogus purchases was dismissed. The Assessing Officer's decision to disallow expenses due to lack of confirmations from creditor parties was upheld. The appellant's failure to provide sufficient evidence to substantiate transactions resulted in penalties under section 271(1)(c) for inaccurate income particulars. Despite the appellant's arguments and appeals for deletion of additions, the lack of proper documentation led to the affirmation of the disallowances by the authorities. en-us Thu, 01 Jun 2017 00:00:00 +0530 Sat, 10 Jun 2017 05:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344173 The appellant's challenge against the addition under section 69C of the Income Tax Act for bogus purchases was dismissed. The Assessing Officer's decision to disallow expenses due to lack of confirmations from creditor parties was upheld. The appellant's failure to provide sufficient evidence to substantiate transactions resulted in penalties under section 271(1)(c) for inaccurate income particulars. Despite the appellant's arguments and appeals for deletion of additions, the lack of proper documentation led to the affirmation of the disallowances by the authorities. Case-Laws Income Tax Thu, 01 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344173