https://www.taxtmi.com/caselaws?id=284076 The Tribunal ruled in favor of the assessee, deleting the addition made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The Tribunal accepted the genuineness of the transactions, considering that all payments were made via cheques and were solely for land purchase, supported by documentary evidence. Consequently, the appeal filed by the assessee against the disallowance of claimed purchase amounts for the assessment year 2008-09 was allowed. en-us Thu, 18 Apr 2019 00:00:00 +0530 Sat, 26 Oct 2019 12:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284076 The Tribunal ruled in favor of the assessee, deleting the addition made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The Tribunal accepted the genuineness of the transactions, considering that all payments were made via cheques and were solely for land purchase, supported by documentary evidence. Consequently, the appeal filed by the assessee against the disallowance of claimed purchase amounts for the assessment year 2008-09 was allowed. Case-Laws Income Tax Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284076