https://www.taxtmi.com/caselaws?id=438855 An assessee claiming deduction for paddy purchase expenditure under section 37(1) must prove the actual incurring and genuineness of the transactions with basic supporting material. On the facts, the claimed cash purchases were not substantiated because confirmations, identifiable seller details, weighment slips, receipt records, and society-wise breakup were lacking, while inquiry material and denials by societies and Samathies supported the adverse finding. The absence of rejection of the books of account did not bar a specific disallowance of an unproved expense claim. The Tribunal therefore upheld the full disallowance and rejected the assessee's challenge to partial relief. en-us Fri, 28 Apr 2023 00:00:00 +0530 Sat, 10 Jun 2023 08:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438855 An assessee claiming deduction for paddy purchase expenditure under section 37(1) must prove the actual incurring and genuineness of the transactions with basic supporting material. On the facts, the claimed cash purchases were not substantiated because confirmations, identifiable seller details, weighment slips, receipt records, and society-wise breakup were lacking, while inquiry material and denials by societies and Samathies supported the adverse finding. The absence of rejection of the books of account did not bar a specific disallowance of an unproved expense claim. The Tribunal therefore upheld the full disallowance and rejected the assessee's challenge to partial relief. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438855