https://www.taxtmi.com/caselaws?id=275517 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 4,99,27,664/- under Section 69C of the Income Tax Act, 1961. The CIT(A) found that the assessee had proven the genuineness of the purchases, and the Assessing Officer failed to refute this. The Tribunal emphasized the importance of thorough investigation and discrediting evidence, dismissing the Revenue's appeal and affirming the CIT(A)'s order. en-us Fri, 31 Mar 2017 00:00:00 +0530 Sat, 06 Oct 2018 09:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275517 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 4,99,27,664/- under Section 69C of the Income Tax Act, 1961. The CIT(A) found that the assessee had proven the genuineness of the purchases, and the Assessing Officer failed to refute this. The Tribunal emphasized the importance of thorough investigation and discrediting evidence, dismissing the Revenue's appeal and affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275517