https://www.taxtmi.com/caselaws?id=385987 The tribunal upheld the disallowance of the entire purchases made by the assessee due to failure to prove the genuineness of transactions, discrepancies in stock records, and potential undisclosed purchases or sales. The decision emphasized the need for material evidence to substantiate claims. The appeals filed by the assessee were dismissed, with the order pronounced on 12th July 2019 in Chennai. en-us Fri, 12 Jul 2019 00:00:00 +0530 Thu, 19 Sep 2019 13:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385987 The tribunal upheld the disallowance of the entire purchases made by the assessee due to failure to prove the genuineness of transactions, discrepancies in stock records, and potential undisclosed purchases or sales. The decision emphasized the need for material evidence to substantiate claims. The appeals filed by the assessee were dismissed, with the order pronounced on 12th July 2019 in Chennai. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385987