https://www.taxtmi.com/caselaws?id=361913 The Tribunal upheld the CIT(A)'s decision to dismiss the Revenue's appeal regarding the addition of Rs. 2,76,18,000 as bogus purchases. It was found that purchases were made in the previous year, and sales were booked in the current year, with no loss to the Revenue as the transactions would be allowed in the subsequent assessment year. The Tribunal concluded that there was no prejudice to the Revenue and declined to interfere with the CIT(A)'s order, ultimately dismissing the Revenue's appeal. en-us Wed, 06 Jun 2018 00:00:00 +0530 Fri, 15 Jun 2018 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361913 The Tribunal upheld the CIT(A)'s decision to dismiss the Revenue's appeal regarding the addition of Rs. 2,76,18,000 as bogus purchases. It was found that purchases were made in the previous year, and sales were booked in the current year, with no loss to the Revenue as the transactions would be allowed in the subsequent assessment year. The Tribunal concluded that there was no prejudice to the Revenue and declined to interfere with the CIT(A)'s order, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361913