https://www.taxtmi.com/highlights?id=56758 Bogus purchases - AO’s observation that none of the architects can find out the actual material, steel bars used construction of any building of 2 to 3 years cannot be accepted as the consumption of the material can be well estimated from the drawings and the site books. - Inspector report cannot be given credence as the party was found to be genuine on enquiry. - no addition is warranted - AT en-us Tue, 16 Feb 2021 14:08:38 +0530 Tue, 16 Feb 2021 14:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56758 Bogus purchases - AO’s observation that none of the architects can find out the actual material, steel bars used construction of any building of 2 to 3 years cannot be accepted as the consumption of the material can be well estimated from the drawings and the site books. - Inspector report cannot be given credence as the party was found to be genuine on enquiry. - no addition is warranted - AT Highlights Income Tax Tue, 16 Feb 2021 14:08:38 +0530 https://www.taxtmi.com/highlights?id=56758