https://www.taxtmi.com/caselaws?id=404569 The High Court dismissed the appeal challenging an ITAT order for Assessment Year 2014-15, upholding the genuineness of high-seas sales and cash transactions. The Court found no substantial question of law, supported the ITAT's reliance on documentary evidence, and dismissed the Revenue's contentions regarding additions under Section 68. The judgment emphasized the significance of documentary proof and governmental approvals in establishing transaction genuineness, leading to the dismissal of the appeal. en-us Mon, 22 Feb 2021 00:00:00 +0530 Wed, 24 Feb 2021 20:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404569 The High Court dismissed the appeal challenging an ITAT order for Assessment Year 2014-15, upholding the genuineness of high-seas sales and cash transactions. The Court found no substantial question of law, supported the ITAT's reliance on documentary evidence, and dismissed the Revenue's contentions regarding additions under Section 68. The judgment emphasized the significance of documentary proof and governmental approvals in establishing transaction genuineness, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 22 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404569