ITAT upholds AO's verification in remand proceedings under ss....

ITAT upholds AO's verification in remand proceedings under ss. 250/154, finding that bank statements and ledger scrutiny substantiate receipts from an unnamed partner and negate creditworthiness concerns; additions made to income were deleted. The Tribunal dismisses Revenue's ground of appeal challenging those deletions as no live controversy remained after the AO's documentary verification. Regarding alleged bogus purchases, ITAT accepts AO's post-remand inquiry and verification of Form 26AS and ledger accounts, noting absence of cash payments exceeding statutory limits; consequently, additions on account of bogus purchases are deleted and the appeal by Revenue is dismissed.

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