https://www.taxtmi.com/caselaws?id=444615 The court upheld the CIT(A)'s decision, dismissing the Revenue's appeals concerning allegations of bogus purchases and disallowance of deductions under section 80-IB of the Income-tax Act. The Bench found no incriminating material during the search and validated the genuineness of the purchases and manufacturing activities based on subsequent CESTAT findings. Consequently, the protective additions and disallowance of manufacturing expenses by the AO were overturned, affirming the appellants' position and rejecting the Revenue's grounds for appeal. en-us Wed, 13 Sep 2023 00:00:00 +0530 Thu, 19 Oct 2023 09:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444615 The court upheld the CIT(A)'s decision, dismissing the Revenue's appeals concerning allegations of bogus purchases and disallowance of deductions under section 80-IB of the Income-tax Act. The Bench found no incriminating material during the search and validated the genuineness of the purchases and manufacturing activities based on subsequent CESTAT findings. Consequently, the protective additions and disallowance of manufacturing expenses by the AO were overturned, affirming the appellants' position and rejecting the Revenue's grounds for appeal. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444615