Addition towards non-genuine purchases deleted as all necessary documents submitted

Suresh Kishinchand Changwani Vs DCIT (ITAT Mumbai) ITAT Mumbai held that assessee has submitted all the necessary details in terms of purchase bills, transportation bills, confirmed copy of accounts and payment are made through cheques, hence disallowance of such purchases is not justified. Thus, addition towards non-genuine purchases deleted. Facts- The present appal is filed by the assessee. In the grounds raised by the assessee, essentially two issues are involved, first relating to addition of Rs.3,71,36,606/- alleged as non- genuine purchase made from 10 parties and second for disallowanc...