https://www.taxtmi.com/caselaws?id=328584 The Tribunal ruled in favor of the assessee, emphasizing the importance of due process and independent verification in assessing alleged bogus purchases. The decision highlighted the need for substantiated evidence and proper inquiry before making additions based on untested material. The Tribunal allowed the firm's appeal and deleted the addition, concluding that the addition based on bogus purchases lacked a valid foundation. en-us Fri, 27 May 2016 00:00:00 +0530 Wed, 08 Jun 2016 19:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328584 The Tribunal ruled in favor of the assessee, emphasizing the importance of due process and independent verification in assessing alleged bogus purchases. The decision highlighted the need for substantiated evidence and proper inquiry before making additions based on untested material. The Tribunal allowed the firm's appeal and deleted the addition, concluding that the addition based on bogus purchases lacked a valid foundation. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328584