https://www.taxtmi.com/caselaws?id=33005 The High Court upheld the Tribunal's decision to delete an addition of Rs.7,21,000 on account of alleged bogus purchases made by the respondent-assessee. The Court found that the Revenue failed to provide evidence showing that the purchases were not genuine or involved accommodation/fake bills. As payments were made via account payee cheques against goods receipts and no statements from the parties were produced, the Court concluded that the disallowance lacked a basis. The Tribunal's decision was deemed well-founded, and the appeal was dismissed as no substantial question of law arose from the Tribunal's order. en-us Tue, 27 Jan 2009 00:00:00 +0530 Mon, 12 Sep 2011 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33005 The High Court upheld the Tribunal's decision to delete an addition of Rs.7,21,000 on account of alleged bogus purchases made by the respondent-assessee. The Court found that the Revenue failed to provide evidence showing that the purchases were not genuine or involved accommodation/fake bills. As payments were made via account payee cheques against goods receipts and no statements from the parties were produced, the Court concluded that the disallowance lacked a basis. The Tribunal's decision was deemed well-founded, and the appeal was dismissed as no substantial question of law arose from the Tribunal's order. Case-Laws Income Tax Tue, 27 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33005