https://www.taxtmi.com/caselaws?id=420912 The Tribunal upheld the disallowance of expenses amounting to Rs. 13,75,203 under section 69C for the purchase of raw material and stores. The assessee failed to produce necessary documentary evidence, such as the stock register, to substantiate the claimed purchases. The Tribunal emphasized the significance of providing documentary evidence in tax assessments and dismissed the appeal due to the lack of supporting documentation. This case underscores the importance of maintaining accurate records and supporting claims with proper evidence in tax matters. en-us Wed, 30 Mar 2022 00:00:00 +0530 Tue, 12 Apr 2022 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420912 The Tribunal upheld the disallowance of expenses amounting to Rs. 13,75,203 under section 69C for the purchase of raw material and stores. The assessee failed to produce necessary documentary evidence, such as the stock register, to substantiate the claimed purchases. The Tribunal emphasized the significance of providing documentary evidence in tax assessments and dismissed the appeal due to the lack of supporting documentation. This case underscores the importance of maintaining accurate records and supporting claims with proper evidence in tax matters. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420912