https://www.taxtmi.com/caselaws?id=239874 Where an assessee relies on a relevant High Court precedent on alleged bogus purchases and sales, the adjudicating authority must consider its applicability before deciding the addition on merits. The Tribunal had failed to deal with the cited decision despite it being part of the record, so the matter was remanded for fresh consideration. The Tribunal is to re-examine the addition relating to alleged bogus purchases and sales, address the precedent relied upon by the assessee, and decide the issue afresh in accordance with law. en-us Mon, 21 Oct 2013 00:00:00 +0530 Sat, 23 Nov 2013 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239874 Where an assessee relies on a relevant High Court precedent on alleged bogus purchases and sales, the adjudicating authority must consider its applicability before deciding the addition on merits. The Tribunal had failed to deal with the cited decision despite it being part of the record, so the matter was remanded for fresh consideration. The Tribunal is to re-examine the addition relating to alleged bogus purchases and sales, address the precedent relied upon by the assessee, and decide the issue afresh in accordance with law. Case-Laws Income Tax Mon, 21 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239874