https://www.taxtmi.com/caselaws?id=349721 The Tribunal upheld the deletion of the addition of Rs. 1,90,25,000 as business expenditure under section 69 of the Income Tax Act, noting the Assessing Officer's failure to justify the inclusion of certain manufacturing expenses in the disallowance. Additionally, the Tribunal dismissed the disallowance of the same amount for alleged bogus purchases and manufacturing expenses, finding that the assessee adequately proved the genuineness of the transactions with supporting documents. The Revenue's appeal was dismissed, affirming the decision to delete the disallowances. en-us Wed, 04 Oct 2017 00:00:00 +0530 Tue, 24 Oct 2017 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349721 The Tribunal upheld the deletion of the addition of Rs. 1,90,25,000 as business expenditure under section 69 of the Income Tax Act, noting the Assessing Officer's failure to justify the inclusion of certain manufacturing expenses in the disallowance. Additionally, the Tribunal dismissed the disallowance of the same amount for alleged bogus purchases and manufacturing expenses, finding that the assessee adequately proved the genuineness of the transactions with supporting documents. The Revenue's appeal was dismissed, affirming the decision to delete the disallowances. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349721