https://www.taxtmi.com/caselaws?id=306782 The Tribunal dismissed the assessee's appeals, upholding the disallowance of non-genuine purchases for assessment years 2009-10 and 2010-11. The Tribunal found the assessee failed to provide sufficient evidence to prove the genuineness of the purchases, leading to a 12.5% disallowance. Additionally, the Tribunal affirmed the validity of the notice issued under section 148 of the Act, stating the Assessing Officer had tangible material indicating non-genuine purchases. The decision was rendered on 18th January 2021. en-us Mon, 18 Jan 2021 00:00:00 +0530 Fri, 24 Feb 2023 09:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306782 The Tribunal dismissed the assessee's appeals, upholding the disallowance of non-genuine purchases for assessment years 2009-10 and 2010-11. The Tribunal found the assessee failed to provide sufficient evidence to prove the genuineness of the purchases, leading to a 12.5% disallowance. Additionally, the Tribunal affirmed the validity of the notice issued under section 148 of the Act, stating the Assessing Officer had tangible material indicating non-genuine purchases. The decision was rendered on 18th January 2021. Case-Laws Income Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306782