https://www.taxtmi.com/caselaws?id=443988 The appeals were dismissed as the Tribunal's findings were based on substantial evidence and consistent legal precedents, concluding no substantial question of law was involved. The Tribunal upheld the addition of 6% of alleged bogus purchases, citing similar judgments to prevent revenue leakage. The appellant's challenge regarding the application of Section 69C was rejected based on findings that the appellant benefitted from accommodation entries to suppress profits. Despite providing documentary evidence, the purchases were deemed unverifiable as no actual goods were delivered. The Tribunal's order was upheld as it found the appellant obtained accommodation entries without material transactions, supported by investigative reports and court precedents. en-us Tue, 26 Sep 2023 00:00:00 +0530 Wed, 04 Oct 2023 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443988 The appeals were dismissed as the Tribunal's findings were based on substantial evidence and consistent legal precedents, concluding no substantial question of law was involved. The Tribunal upheld the addition of 6% of alleged bogus purchases, citing similar judgments to prevent revenue leakage. The appellant's challenge regarding the application of Section 69C was rejected based on findings that the appellant benefitted from accommodation entries to suppress profits. Despite providing documentary evidence, the purchases were deemed unverifiable as no actual goods were delivered. The Tribunal's order was upheld as it found the appellant obtained accommodation entries without material transactions, supported by investigative reports and court precedents. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443988