https://www.taxtmi.com/caselaws?id=351318 The Revenue's appeal challenging relief provided to the assessee against certain bogus purchases amounting to Rs. 47,45,081 for Assessment Year 2009-10 was partly allowed. Despite the assessee's contentions and evidence, the Tribunal upheld an addition of Rs. 2,37,254 against the bogus purchases, emphasizing the lack of confirmations from suppliers and undelivered notices as crucial factors. The decision highlighted the necessity for the assessee to substantiate the legitimacy of purchases, ultimately resulting in a reduced relief granted in favor of the Revenue. en-us Wed, 23 Aug 2017 00:00:00 +0530 Thu, 23 Nov 2017 13:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351318 The Revenue's appeal challenging relief provided to the assessee against certain bogus purchases amounting to Rs. 47,45,081 for Assessment Year 2009-10 was partly allowed. Despite the assessee's contentions and evidence, the Tribunal upheld an addition of Rs. 2,37,254 against the bogus purchases, emphasizing the lack of confirmations from suppliers and undelivered notices as crucial factors. The decision highlighted the necessity for the assessee to substantiate the legitimacy of purchases, ultimately resulting in a reduced relief granted in favor of the Revenue. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351318