https://www.taxtmi.com/caselaws?id=438293 The appeal filed by the Deputy Commissioner of Income Tax, Central Circle 2(3), Mumbai against the order of the Commissioner of Income Tax (Appeals) - 48, Mumbai was dismissed. The Commissioner deleted additions on account of suspected bogus purchases and commission expenses. The Commissioner found that the assessee provided substantial evidence to support the genuineness of the transactions, including ledger accounts, invoices, and bank statements. Additionally, the Enforcement Directorate's charge sheet did not establish the entities involved were bogus. The Commissioner concluded that the additions were unwarranted as the purchases were genuine and the commission expenses were legitimate. en-us Tue, 23 May 2023 00:00:00 +0530 Fri, 07 Jul 2023 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438293 The appeal filed by the Deputy Commissioner of Income Tax, Central Circle 2(3), Mumbai against the order of the Commissioner of Income Tax (Appeals) - 48, Mumbai was dismissed. The Commissioner deleted additions on account of suspected bogus purchases and commission expenses. The Commissioner found that the assessee provided substantial evidence to support the genuineness of the transactions, including ledger accounts, invoices, and bank statements. Additionally, the Enforcement Directorate's charge sheet did not establish the entities involved were bogus. The Commissioner concluded that the additions were unwarranted as the purchases were genuine and the commission expenses were legitimate. Case-Laws Income Tax Tue, 23 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438293