https://www.taxtmi.com/caselaws?id=399535 The ITAT upheld the CIT (A)'s decision to delete the addition of Rs. 3,12,42,835 on account of bogus purchases, citing uncontroverted retraction by Shri Sanjay Chaudhary and reliance on positive documentary evidence. Similar allegations in earlier years were considered, with ITSC findings supporting the transactions' genuineness based on documentary evidence. The ITAT emphasized the importance of documentary evidence and dismissed the department's appeal, affirming the deletion of the addition. en-us Wed, 30 Sep 2020 00:00:00 +0530 Tue, 13 Oct 2020 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399535 The ITAT upheld the CIT (A)'s decision to delete the addition of Rs. 3,12,42,835 on account of bogus purchases, citing uncontroverted retraction by Shri Sanjay Chaudhary and reliance on positive documentary evidence. Similar allegations in earlier years were considered, with ITSC findings supporting the transactions' genuineness based on documentary evidence. The ITAT emphasized the importance of documentary evidence and dismissed the department's appeal, affirming the deletion of the addition. Case-Laws Income Tax Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399535