https://www.taxtmi.com/caselaws?id=270062 The Tribunal ruled in favor of the assessee in a tax case where the Department's appeal against the disallowance of purchases was rejected. The reassessment order, based on alleged bogus purchases without the opportunity for cross-examination, was deemed unsustainable, leading to the cancellation of both the reassessment and the penalty imposed. The Tribunal also condoned the delay in the assessee's appeal filing due to the Director's unavailability. The concealment penalty imposed by the Department was deleted as the basis for the penalty no longer existed post the cancellation of the addition, affirming the decision in favor of the assessee. en-us Fri, 31 Jul 2015 00:00:00 +0530 Mon, 28 Dec 2015 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270062 The Tribunal ruled in favor of the assessee in a tax case where the Department's appeal against the disallowance of purchases was rejected. The reassessment order, based on alleged bogus purchases without the opportunity for cross-examination, was deemed unsustainable, leading to the cancellation of both the reassessment and the penalty imposed. The Tribunal also condoned the delay in the assessee's appeal filing due to the Director's unavailability. The concealment penalty imposed by the Department was deleted as the basis for the penalty no longer existed post the cancellation of the addition, affirming the decision in favor of the assessee. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270062