https://www.taxtmi.com/caselaws?id=443211 The Tribunal upheld the disallowance of Rs. 61,39,71,805/- under Section 40A(3) of the Income-tax Act, finding that the assessee failed to prove the genuineness of purchases and the identity of suppliers. The Tribunal agreed with the lower authorities that the assessee did not qualify for the exceptions under Rule 6DD(f) and dismissed the appeal, affirming the disallowance as justified. en-us Wed, 30 Aug 2023 00:00:00 +0530 Tue, 19 Sep 2023 08:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443211 The Tribunal upheld the disallowance of Rs. 61,39,71,805/- under Section 40A(3) of the Income-tax Act, finding that the assessee failed to prove the genuineness of purchases and the identity of suppliers. The Tribunal agreed with the lower authorities that the assessee did not qualify for the exceptions under Rule 6DD(f) and dismissed the appeal, affirming the disallowance as justified. Case-Laws Income Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443211