https://www.taxtmi.com/caselaws?id=298283 The Tribunal set aside the lower authorities' orders and deleted the addition of Rs. 52,63,386/- under section 68 of the I.T. Act, ruling in favor of the assessee. The Tribunal found that the purchases were genuine, supported by invoices and affidavits, and made through banking channels. It noted inconsistencies in the statements of the entry providers and their retraction, ultimately concluding that there was no basis to treat the purchases as bogus. en-us Mon, 24 Jun 2019 00:00:00 +0530 Mon, 25 Oct 2021 09:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298283 The Tribunal set aside the lower authorities' orders and deleted the addition of Rs. 52,63,386/- under section 68 of the I.T. Act, ruling in favor of the assessee. The Tribunal found that the purchases were genuine, supported by invoices and affidavits, and made through banking channels. It noted inconsistencies in the statements of the entry providers and their retraction, ultimately concluding that there was no basis to treat the purchases as bogus. Case-Laws Income Tax Mon, 24 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298283