https://www.taxtmi.com/caselaws?id=797396 Verified purchase expenditure accepted in consequential assessment proceedings binds the Department on the remanded issue. Once the Assessing Officer examined the purchases, accepted the returned income and allowed the full expenditure claim, no basis remained to sustain a disallowance previously treated as unsubstantiated or inflated. The purchase disallowance partly retained at the first appellate stage was therefore deleted in full, and the Revenue's related grounds failed. en-us Mon, 17 Aug 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797396 Verified purchase expenditure accepted in consequential assessment proceedings binds the Department on the remanded issue. Once the Assessing Officer examined the purchases, accepted the returned income and allowed the full expenditure claim, no basis remained to sustain a disallowance previously treated as unsubstantiated or inflated. The purchase disallowance partly retained at the first appellate stage was therefore deleted in full, and the Revenue's related grounds failed. Case-Laws Income Tax Mon, 17 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797396