https://www.taxtmi.com/caselaws?id=405797 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,04,36,629/- attributed to alleged bogus purchases, emphasizing the lack of concrete evidence to support the Revenue's claims and the genuine nature of the transactions as evidenced by payment records and sales confirmations. The Tribunal rejected the Revenue's appeal, noting the sellers' confirmation of sales, payment through cheques, and evidence of goods dispatch and receipt, ultimately affirming the legitimacy of the purchases in question. en-us Fri, 26 Mar 2021 00:00:00 +0530 Sat, 27 Mar 2021 07:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405797 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,04,36,629/- attributed to alleged bogus purchases, emphasizing the lack of concrete evidence to support the Revenue's claims and the genuine nature of the transactions as evidenced by payment records and sales confirmations. The Tribunal rejected the Revenue's appeal, noting the sellers' confirmation of sales, payment through cheques, and evidence of goods dispatch and receipt, ultimately affirming the legitimacy of the purchases in question. Case-Laws Income Tax Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405797