https://www.taxtmi.com/caselaws?id=444222 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding the disallowance of unverifiable purchases for AY 2013-14. It concluded that the purchases were genuine, as they were duly reflected in the books of account and supported by affidavits and supplier responses. The Tribunal found no basis for additions based on past search reports. Specifically, for purchases from Anshika Jewellers, the Tribunal determined that sufficient evidence was provided by the assessee, and the supplier's non-response to notices was insufficient to justify disallowance. The order was pronounced on 26.07.2023. en-us Wed, 26 Jul 2023 00:00:00 +0530 Wed, 11 Oct 2023 08:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444222 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding the disallowance of unverifiable purchases for AY 2013-14. It concluded that the purchases were genuine, as they were duly reflected in the books of account and supported by affidavits and supplier responses. The Tribunal found no basis for additions based on past search reports. Specifically, for purchases from Anshika Jewellers, the Tribunal determined that sufficient evidence was provided by the assessee, and the supplier's non-response to notices was insufficient to justify disallowance. The order was pronounced on 26.07.2023. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444222