https://www.taxtmi.com/caselaws?id=376553 The Tribunal upheld the orders of the CIT(A) and dismissed the appeals of the assessee. It concluded that the assessee failed to demonstrate the genuineness of the purchases and that the evidence provided was insufficient to counter the findings of the AO. The Tribunal emphasized that each assessment year must be judged on its own merits, and the prior acceptance of similar purchases in other years did not establish a precedent for the current assessment years. en-us Fri, 08 Mar 2019 00:00:00 +0530 Mon, 11 Mar 2019 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376553 The Tribunal upheld the orders of the CIT(A) and dismissed the appeals of the assessee. It concluded that the assessee failed to demonstrate the genuineness of the purchases and that the evidence provided was insufficient to counter the findings of the AO. The Tribunal emphasized that each assessment year must be judged on its own merits, and the prior acceptance of similar purchases in other years did not establish a precedent for the current assessment years. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376553