No sec. 69C additions if assessee established identity of sellers and furnished payment details

Where assessee had claimed expenses towards purchase of machineries from several parties and had filed copies of PAN cards of these parties so as to establish their identity and had also furnished relevant details regarding payments made against bills raised by such parties by way of account payee cheque after deduction of TDS, Assessing Officer was unjustified in making additions under section 69C treating such purchase of machineries to be bogus

Refer:[2019] 101 taxmann.com 170 (Kolkata - Trib.)