https://www.taxtmi.com/caselaws?id=303417 The Tribunal held that the appellant had provided enough evidence to establish the genuineness of purchases made from M/s. Venus Lubricants, criticizing the Assessing Officer for not verifying the party's existence adequately. The burden of proof was deemed discharged by the appellant, shifting the onus to the revenue. As a result, the disallowance of Rs. 1,18,130 as bogus purchases was overturned, and the appeal was partially allowed. en-us Fri, 03 Jun 2011 00:00:00 +0530 Thu, 21 Jul 2022 18:02:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303417 The Tribunal held that the appellant had provided enough evidence to establish the genuineness of purchases made from M/s. Venus Lubricants, criticizing the Assessing Officer for not verifying the party's existence adequately. The burden of proof was deemed discharged by the appellant, shifting the onus to the revenue. As a result, the disallowance of Rs. 1,18,130 as bogus purchases was overturned, and the appeal was partially allowed. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303417