https://www.taxtmi.com/caselaws?id=263286 The appeals regarding the disputed addition of bogus purchases for the assessment years 2000-01 & 2001-02 were initially partially allowed by the Tribunal. Upon appeal to the Bombay High Court, the ITAT's decision on disallowance of purchases amounting to Rs. 3.79 crores was set aside, emphasizing the submission of PAN details by the assessee. Subsequently, the Tribunal reconsidered the issue and remanded it to the AO for verification of purchases from parties with PAN details due to discrepancies in assessment records. Ultimately, both appeals for the assessment year 2000-01 were allowed for statistical purposes, with the issue for the following year also being remanded for fresh assessment. en-us Wed, 19 Aug 2015 00:00:00 +0530 Mon, 31 Aug 2015 07:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263286 The appeals regarding the disputed addition of bogus purchases for the assessment years 2000-01 & 2001-02 were initially partially allowed by the Tribunal. Upon appeal to the Bombay High Court, the ITAT's decision on disallowance of purchases amounting to Rs. 3.79 crores was set aside, emphasizing the submission of PAN details by the assessee. Subsequently, the Tribunal reconsidered the issue and remanded it to the AO for verification of purchases from parties with PAN details due to discrepancies in assessment records. Ultimately, both appeals for the assessment year 2000-01 were allowed for statistical purposes, with the issue for the following year also being remanded for fresh assessment. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263286