https://www.taxtmi.com/caselaws?id=411615 The Tribunal upheld the decision of the Learned Commissioner of Income Tax (Appeals) to delete the additions/disallowances made by the Assessing Officer for A.Y. 2010-11 and 2011-12. The Tribunal emphasized the importance of concrete evidence and legitimate grounds for assessment, dismissing the revenue's appeals. The burden was placed on the Assessing Officer to disprove the genuineness of purchases once initial evidence was provided by the assessee. The Tribunal affirmed the genuineness of purchases based on evidence presented, ultimately affirming the deletion of the addition/disallowance by the Assessing Officer. en-us Tue, 03 Aug 2021 00:00:00 +0530 Tue, 31 Aug 2021 09:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411615 The Tribunal upheld the decision of the Learned Commissioner of Income Tax (Appeals) to delete the additions/disallowances made by the Assessing Officer for A.Y. 2010-11 and 2011-12. The Tribunal emphasized the importance of concrete evidence and legitimate grounds for assessment, dismissing the revenue's appeals. The burden was placed on the Assessing Officer to disprove the genuineness of purchases once initial evidence was provided by the assessee. The Tribunal affirmed the genuineness of purchases based on evidence presented, ultimately affirming the deletion of the addition/disallowance by the Assessing Officer. Case-Laws Income Tax Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411615