https://www.taxtmi.com/caselaws?id=226236 The Tribunal upheld the CIT(A)'s decision in restricting the addition on account of bogus purchases to 25% of the purchase price, amounting to Rs.11,14,250/-, based on evidence of actual receipt of goods by the assessee. The Tribunal also supported the deletion of the addition for commission paid on bogus purchases, as there was no evidence of such payment. The Revenue's plea to set aside the CIT(A)'s order and restore the AO's decision was rejected, emphasizing the importance of evidence and cross-examination. The Tribunal ruled in favor of the assessee, highlighting the lack of concrete evidence from the Revenue and consistent judicial precedents in similar cases. en-us Fri, 17 Jun 2011 00:00:00 +0530 Mon, 22 Apr 2013 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226236 The Tribunal upheld the CIT(A)'s decision in restricting the addition on account of bogus purchases to 25% of the purchase price, amounting to Rs.11,14,250/-, based on evidence of actual receipt of goods by the assessee. The Tribunal also supported the deletion of the addition for commission paid on bogus purchases, as there was no evidence of such payment. The Revenue's plea to set aside the CIT(A)'s order and restore the AO's decision was rejected, emphasizing the importance of evidence and cross-examination. The Tribunal ruled in favor of the assessee, highlighting the lack of concrete evidence from the Revenue and consistent judicial precedents in similar cases. Case-Laws Income Tax Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226236