https://www.taxtmi.com/caselaws?id=345662 The Court dismissed the Revenue's appeal under Section 260A(1) of the Income Tax Act for the Assessment Year 2008-09. The appeal challenged the deletion of an addition of &8377; 19,39,60,866 for alleged bogus purchases by the Assessee from PRPL. The CIT(A) and ITAT's findings, supported by detailed evidence and factual inquiries, were upheld. The Court found no substantial question of law, emphasizing the importance of thorough verification and examination of transactions to establish genuineness and validity, leading to the appeal's dismissal. en-us Wed, 05 Jul 2017 00:00:00 +0530 Wed, 26 Dec 2018 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345662 The Court dismissed the Revenue's appeal under Section 260A(1) of the Income Tax Act for the Assessment Year 2008-09. The appeal challenged the deletion of an addition of &8377; 19,39,60,866 for alleged bogus purchases by the Assessee from PRPL. The CIT(A) and ITAT's findings, supported by detailed evidence and factual inquiries, were upheld. The Court found no substantial question of law, emphasizing the importance of thorough verification and examination of transactions to establish genuineness and validity, leading to the appeal's dismissal. Case-Laws Income Tax Wed, 05 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345662