https://www.taxtmi.com/caselaws?id=289514 The ITAT partially allowed the appeal, modifying the addition of alleged purchases based on documentary evidence and legal precedents. The appellant's argument that non-appearance of suppliers doesn't prove purchases were not made was supported. The ITAT found the AO's basis for disallowance lacked conclusive evidence and upheld the authenticity of the appellant's documentary evidence. The addition was reduced to Rs. 2,28,819 from the initial amount. The judgment emphasized the importance of thorough investigation and evidence evaluation in assessing transactions under the IT Act. The confirmation of interest charged under sections 234A, 234B, and 234C was not extensively discussed in the judgment. en-us Fri, 04 May 2018 00:00:00 +0530 Tue, 04 Aug 2020 20:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289514 The ITAT partially allowed the appeal, modifying the addition of alleged purchases based on documentary evidence and legal precedents. The appellant's argument that non-appearance of suppliers doesn't prove purchases were not made was supported. The ITAT found the AO's basis for disallowance lacked conclusive evidence and upheld the authenticity of the appellant's documentary evidence. The addition was reduced to Rs. 2,28,819 from the initial amount. The judgment emphasized the importance of thorough investigation and evidence evaluation in assessing transactions under the IT Act. The confirmation of interest charged under sections 234A, 234B, and 234C was not extensively discussed in the judgment. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289514