https://www.taxtmi.com/caselaws?id=421963 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 5,10,43,140 made on account of alleged bogus purchases from M/s Neelanchal Sales & Suppliers Pvt. Ltd. The Tribunal emphasized the authenticity of the purchases supported by proper documentation and dismissed the Assessing Officer's appeal due to the lack of concrete evidence proving the purchases were bogus. The direct delivery of goods from the original seller to the assessee further supported the decision to uphold the deletion of the addition, confirming the CIT(A)'s order and ultimately dismissing the appeal of the Assessing Officer. en-us Thu, 28 Apr 2022 00:00:00 +0530 Thu, 05 May 2022 08:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421963 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 5,10,43,140 made on account of alleged bogus purchases from M/s Neelanchal Sales & Suppliers Pvt. Ltd. The Tribunal emphasized the authenticity of the purchases supported by proper documentation and dismissed the Assessing Officer's appeal due to the lack of concrete evidence proving the purchases were bogus. The direct delivery of goods from the original seller to the assessee further supported the decision to uphold the deletion of the addition, confirming the CIT(A)'s order and ultimately dismissing the appeal of the Assessing Officer. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421963