https://www.taxtmi.com/caselaws?id=771580 The HC condoned a 234-day delay in filing an appeal, finding genuine reasons related to management changes. Regarding alleged bogus purchases under section 69C, the HC partially allowed the appeal, setting aside the full addition of Rs. 42,24,191/- and directing a 2% additional gross profit levy. The court emphasized the need for cogent evidence beyond mere suspicion when challenging business transactions. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 28 May 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771580 The HC condoned a 234-day delay in filing an appeal, finding genuine reasons related to management changes. Regarding alleged bogus purchases under section 69C, the HC partially allowed the appeal, setting aside the full addition of Rs. 42,24,191/- and directing a 2% additional gross profit levy. The court emphasized the need for cogent evidence beyond mere suspicion when challenging business transactions. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771580