https://www.taxtmi.com/caselaws?id=9667 The High Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the deletion of additions on account of alleged fictitious purchases of colours and chemicals. The Court emphasized the importance of factual evidence in determining the legitimacy of purchases and concluded that no addition was warranted as purchases are deductible while computing profits. The Court clarified the procedural aspects related to the Tribunal's recalling of its earlier order, highlighting the distinction between the orders passed in separate proceedings. en-us Wed, 25 Jan 2006 00:00:00 +0530 Sun, 28 Jun 2009 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9667 The High Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the deletion of additions on account of alleged fictitious purchases of colours and chemicals. The Court emphasized the importance of factual evidence in determining the legitimacy of purchases and concluded that no addition was warranted as purchases are deductible while computing profits. The Court clarified the procedural aspects related to the Tribunal's recalling of its earlier order, highlighting the distinction between the orders passed in separate proceedings. Case-Laws Income Tax Wed, 25 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9667