https://www.taxtmi.com/caselaws?id=26191 The HC upheld the Appellate Tribunal's deletion of an income-tax addition treating purchases as bogus, finding the question one of fact and evidence insufficient to prove sham transactions. The Tribunal noted no return of funds to the assessee, no vouchers from the vendors, and only limited credit with cheque payments, creating doubt but not proof of fabrication. The HC found the Tribunal's conclusion not against the weight of evidence, ruled in favour of the assessee and against the Revenue, and disposed of the reference with no order as to costs. en-us Fri, 25 Oct 1985 00:00:00 +0530 Wed, 29 Oct 2025 23:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26191 The HC upheld the Appellate Tribunal's deletion of an income-tax addition treating purchases as bogus, finding the question one of fact and evidence insufficient to prove sham transactions. The Tribunal noted no return of funds to the assessee, no vouchers from the vendors, and only limited credit with cheque payments, creating doubt but not proof of fabrication. The HC found the Tribunal's conclusion not against the weight of evidence, ruled in favour of the assessee and against the Revenue, and disposed of the reference with no order as to costs. Case-Laws Income Tax Fri, 25 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26191