https://www.taxtmi.com/caselaws?id=373825 The Tribunal overturned the addition of alleged bogus purchases made by the Assessing Officer and partially sustained by the Commissioner of Income Tax (Appeals). The Tribunal found that the assessee had provided substantial evidence supporting the machinery expenses claim, and there was no valid reason to doubt the identity of the parties or the genuineness of the expenses. Therefore, the Tribunal concluded that the addition was unjustified and deleted it, allowing the appeal of the assessee. en-us Wed, 19 Dec 2018 00:00:00 +0530 Mon, 21 Jan 2019 09:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373825 The Tribunal overturned the addition of alleged bogus purchases made by the Assessing Officer and partially sustained by the Commissioner of Income Tax (Appeals). The Tribunal found that the assessee had provided substantial evidence supporting the machinery expenses claim, and there was no valid reason to doubt the identity of the parties or the genuineness of the expenses. Therefore, the Tribunal concluded that the addition was unjustified and deleted it, allowing the appeal of the assessee. Case-Laws Income Tax Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373825