https://www.taxtmi.com/caselaws?id=400618 Alleged bogus-purchase addition was deleted because the assessee substantiated the purchases with bills, supplier confirmations, bank statements and suppliers' returns and financial statements, while the sales were not doubted. The Tribunal relied on its earlier order in the assessee's own case and held that the assessee had discharged the burden of proving genuineness of the purchases. It further held that no addition was warranted merely on the basis of Investigation Wing material when the documentary evidence was not controverted. The issue was therefore decided in favour of the assessee. en-us Mon, 09 Nov 2020 00:00:00 +0530 Wed, 11 Nov 2020 11:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400618 Alleged bogus-purchase addition was deleted because the assessee substantiated the purchases with bills, supplier confirmations, bank statements and suppliers' returns and financial statements, while the sales were not doubted. The Tribunal relied on its earlier order in the assessee's own case and held that the assessee had discharged the burden of proving genuineness of the purchases. It further held that no addition was warranted merely on the basis of Investigation Wing material when the documentary evidence was not controverted. The issue was therefore decided in favour of the assessee. Case-Laws Income Tax Mon, 09 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400618