https://www.taxtmi.com/caselaws?id=382003 The appellate court overturned the decision of the lower court, restoring the original assessment order by the Assessing Officer. The court found that the purchases were legitimate, supported by primary documents and banking transactions, despite challenges to their genuineness. The court emphasized the importance of substantiating actual purchases and ruled in favor of the assessee, deleting the substantial enhancement made by the lower court. en-us Thu, 16 May 2019 00:00:00 +0530 Mon, 24 Jun 2019 07:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382003 The appellate court overturned the decision of the lower court, restoring the original assessment order by the Assessing Officer. The court found that the purchases were legitimate, supported by primary documents and banking transactions, despite challenges to their genuineness. The court emphasized the importance of substantiating actual purchases and ruled in favor of the assessee, deleting the substantial enhancement made by the lower court. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382003