https://www.taxtmi.com/caselaws?id=413385 The ITAT affirmed the CIT(A) decision, dismissing the Revenue's appeal against the additions made in the assessment for AY 2012-13. The case involved discrepancies in treatment of sundry creditors and unsecured loans, with the AO deeming certain purchases non-genuine. The CIT(A) reduced the additions, considering transaction nature and evidence. The ITAT upheld this decision, noting lack of concrete evidence for additions. Ultimately, the Revenue's appeal was dismissed, emphasizing the necessity of substantiated evidence in such cases. en-us Fri, 20 Aug 2021 00:00:00 +0530 Mon, 11 Oct 2021 08:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413385 The ITAT affirmed the CIT(A) decision, dismissing the Revenue's appeal against the additions made in the assessment for AY 2012-13. The case involved discrepancies in treatment of sundry creditors and unsecured loans, with the AO deeming certain purchases non-genuine. The CIT(A) reduced the additions, considering transaction nature and evidence. The ITAT upheld this decision, noting lack of concrete evidence for additions. Ultimately, the Revenue's appeal was dismissed, emphasizing the necessity of substantiated evidence in such cases. Case-Laws Income Tax Fri, 20 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413385