https://www.taxtmi.com/caselaws?id=58339 ITAT held that printed bills and corresponding entries in the appellant's and purchaser's books constitute prima facie proof of genuine purchases of textile goods and cannot be discarded merely by assertion of non-genuineness. Purchases made in March 1985 were permissible even if business activity had not been continuous throughout the year. Sales to the purchaser, with adjustment against a loan, were found credible and supported the availability of goods for sale. Consequently the appellant was entitled to the full deduction claimed and the appeal was allowed. en-us Fri, 20 Aug 1993 00:00:00 +0530 Fri, 17 Oct 2025 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58339 ITAT held that printed bills and corresponding entries in the appellant's and purchaser's books constitute prima facie proof of genuine purchases of textile goods and cannot be discarded merely by assertion of non-genuineness. Purchases made in March 1985 were permissible even if business activity had not been continuous throughout the year. Sales to the purchaser, with adjustment against a loan, were found credible and supported the availability of goods for sale. Consequently the appellant was entitled to the full deduction claimed and the appeal was allowed. Case-Laws Income Tax Fri, 20 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58339