Assessee furnished sufficient documents proving financial ...

Assessee proved financial credibility; Revenue failed to disprove genuine transaction. CIT(A) rightly deleted AO's addition.

Case Laws Income Tax

August 6, 2024

Assessee furnished sufficient documents proving financial creditworthiness, undisputed by Revenue. Revenue failed to provide any material disproving genuineness of transaction between assessee and supplier continuing from preceding year. Merely relying on information from Investigation Wing insufficient. No infirmity found in CIT(A)'s order deleting addition made by AO. Revenue's appeal dismissed.

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Assessee furnished sufficient documents proving financial ...

Assessee proved financial credibility; Revenue failed to disprove genuine transaction. CIT(A) rightly deleted AO's addition.

Case Laws Income Tax

August 6, 2024

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