https://www.taxtmi.com/caselaws?id=305011 The Tribunal allowed the assessee's appeals and dismissed the Revenue's appeals, directing the AO to delete the addition on account of alleged bogus purchases. The Tribunal found the purchases to be genuine, supported by documentary evidence and affidavits from suppliers. It held that the AO failed to disprove the genuineness of the purchases despite the substantial amount involved. The decision applied to assessment years 2009-10 to 2011-12. en-us Wed, 05 Jul 2017 00:00:00 +0530 Fri, 11 Nov 2022 08:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305011 The Tribunal allowed the assessee's appeals and dismissed the Revenue's appeals, directing the AO to delete the addition on account of alleged bogus purchases. The Tribunal found the purchases to be genuine, supported by documentary evidence and affidavits from suppliers. It held that the AO failed to disprove the genuineness of the purchases despite the substantial amount involved. The decision applied to assessment years 2009-10 to 2011-12. Case-Laws Income Tax Wed, 05 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305011