https://www.taxtmi.com/caselaws?id=760878 ITAT Mumbai upheld CIT(A)'s decision to delete addition made by AO for alleged bogus purchases. The assessee provided detailed documentation supporting the purchases, which AO neither controverted nor proved false. ITAT held that failure to furnish information in AO's required format alone cannot justify treating purchases as bogus when substantial evidence supports their genuineness. Revenue's appeal was dismissed and CIT(A)'s order deleting the addition was confirmed. en-us Mon, 21 Oct 2024 00:00:00 +0530 Tue, 29 Oct 2024 09:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760878 ITAT Mumbai upheld CIT(A)'s decision to delete addition made by AO for alleged bogus purchases. The assessee provided detailed documentation supporting the purchases, which AO neither controverted nor proved false. ITAT held that failure to furnish information in AO's required format alone cannot justify treating purchases as bogus when substantial evidence supports their genuineness. Revenue's appeal was dismissed and CIT(A)'s order deleting the addition was confirmed. Case-Laws Income Tax Mon, 21 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760878