https://www.taxtmi.com/caselaws?id=382598 The Tribunal dismissed the revenue's appeal and affirmed the CIT(A)'s decision to treat the purchases as genuine. The Tribunal emphasized that non-response to notices u/s 133(6) did not invalidate the substantial evidence provided by the assessee, including confirmations, invoices, and payment proofs. The Tribunal found the evidence sufficient to establish the genuineness of the purchases, noting the unique nature of the transactions and the revenue's acceptance of similar purchases in the following year. en-us Wed, 03 Jul 2019 00:00:00 +0530 Sat, 06 Jul 2019 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382598 The Tribunal dismissed the revenue's appeal and affirmed the CIT(A)'s decision to treat the purchases as genuine. The Tribunal emphasized that non-response to notices u/s 133(6) did not invalidate the substantial evidence provided by the assessee, including confirmations, invoices, and payment proofs. The Tribunal found the evidence sufficient to establish the genuineness of the purchases, noting the unique nature of the transactions and the revenue's acceptance of similar purchases in the following year. Case-Laws Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382598