https://www.taxtmi.com/caselaws?id=249554 The Assessing Officer (AO) challenged the deletion of an addition of Rs. 41,53,983 for non-genuine purchases by the CIT(A). Discrepancies in party-wise details of purchases led to the disallowance, despite ledger accounts and payments through cheques being furnished. The ITAT remanded the matter back to the First Appeal Authority (FAA) for fresh adjudication, highlighting the need for addressing discrepancies and providing adequate opportunities for both parties to present their case. The ITAT emphasized the importance of a comprehensive review to ensure justice in such cases. en-us Wed, 18 Jun 2014 00:00:00 +0530 Thu, 17 Jul 2014 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249554 The Assessing Officer (AO) challenged the deletion of an addition of Rs. 41,53,983 for non-genuine purchases by the CIT(A). Discrepancies in party-wise details of purchases led to the disallowance, despite ledger accounts and payments through cheques being furnished. The ITAT remanded the matter back to the First Appeal Authority (FAA) for fresh adjudication, highlighting the need for addressing discrepancies and providing adequate opportunities for both parties to present their case. The ITAT emphasized the importance of a comprehensive review to ensure justice in such cases. Case-Laws Income Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249554