https://www.taxtmi.com/caselaws?id=773519 ITAT Raipur set aside CIT(A)'s order allowing 12.5% disallowance instead of 100% for bogus purchases. The assessee failed to substantiate genuineness of transactions or provide corroborative evidence to discharge the onus cast upon them. CIT(A) focused solely on jurisprudence without examining factual aspects of alleged bogus transactions. Matter remanded to CIT(A) for fresh adjudication with proper examination of facts and adequate opportunity for assessee to prove genuineness of disputed purchases. Revenue's appeal allowed for statistical purposes. en-us Wed, 18 Jun 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773519 ITAT Raipur set aside CIT(A)'s order allowing 12.5% disallowance instead of 100% for bogus purchases. The assessee failed to substantiate genuineness of transactions or provide corroborative evidence to discharge the onus cast upon them. CIT(A) focused solely on jurisprudence without examining factual aspects of alleged bogus transactions. Matter remanded to CIT(A) for fresh adjudication with proper examination of facts and adequate opportunity for assessee to prove genuineness of disputed purchases. Revenue's appeal allowed for statistical purposes. Case-Laws Income Tax Wed, 18 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773519