https://www.taxtmi.com/caselaws?id=17354 A claimed deduction for iron scrap purchases was rejected where verification showed that no genuine purchase had been made from the named party and the scrap was found to have come from undisclosed sources. The related transportation charges were also found unsupported by the evidence. On those facts, the transaction was treated as sham and the addition for investment in iron scrap purchases was upheld. The matter was held to turn purely on factual findings, without any debatable question of law. en-us Thu, 26 Sep 1996 00:00:00 +0530 Mon, 21 Sep 2009 17:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17354 A claimed deduction for iron scrap purchases was rejected where verification showed that no genuine purchase had been made from the named party and the scrap was found to have come from undisclosed sources. The related transportation charges were also found unsupported by the evidence. On those facts, the transaction was treated as sham and the addition for investment in iron scrap purchases was upheld. The matter was held to turn purely on factual findings, without any debatable question of law. Case-Laws Income Tax Thu, 26 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17354