https://www.taxtmi.com/caselaws?id=423619 The High Court dismissed the tax case appeal, upholding the Tribunal's decision to sustain the addition of Rs.1,32,85,764 under the purchase account. The Court emphasized the importance of evidence and material in factual findings and cited a Delhi High Court decision. The appellant's failure to provide supporting evidence for purchases and the decline in gross profit rate led to the dismissal of the appeal, as there was no substantial question of law for consideration. The well-considered findings of the appellate authorities were deemed sufficient, and no interference by the Court was warranted. en-us Wed, 08 Jun 2022 00:00:00 +0530 Mon, 22 Aug 2022 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423619 The High Court dismissed the tax case appeal, upholding the Tribunal's decision to sustain the addition of Rs.1,32,85,764 under the purchase account. The Court emphasized the importance of evidence and material in factual findings and cited a Delhi High Court decision. The appellant's failure to provide supporting evidence for purchases and the decline in gross profit rate led to the dismissal of the appeal, as there was no substantial question of law for consideration. The well-considered findings of the appellate authorities were deemed sufficient, and no interference by the Court was warranted. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423619