https://www.taxtmi.com/caselaws?id=771150 Delhi HC upheld ITAT's finding that assessee's purchases were genuine, not bogus. The AO had initially accepted purchases as genuine but enhanced 20% considering they may not be from stated parties. CIT(A) erroneously treated entire purchases as bogus based on assessment orders of supplier parties. HC found no evidence of accommodation entries or cash back arrangements. The tribunal's factual findings were based on cogent material and could not be termed perverse or unsustainable, warranting dismissal of revenue's appeal. en-us Wed, 07 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771150 Delhi HC upheld ITAT's finding that assessee's purchases were genuine, not bogus. The AO had initially accepted purchases as genuine but enhanced 20% considering they may not be from stated parties. CIT(A) erroneously treated entire purchases as bogus based on assessment orders of supplier parties. HC found no evidence of accommodation entries or cash back arrangements. The tribunal's factual findings were based on cogent material and could not be termed perverse or unsustainable, warranting dismissal of revenue's appeal. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771150