Tuesday, May 7, 2019

Genuineness of purchases not to be doubted just because sellers did not appear in person

IT : Where in order to establish genuineness of purchase transactions, assessee brought on record name and address of parties, their PAN, TDS deducted, date of bills, details of cheques issued, etc., in such a case, he could not be held responsible for parties not appearing in person and, thus, impugned addition made under section 69C deserved to be deleted

from www.taxmann.com Latest Case Laws http://bit.ly/2DR5xnu

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