https://www.taxtmi.com/caselaws?id=185662 The Tribunal dismissed both appeals filed by the Revenue for the Asst. Year 2003-04. In the first appeal regarding the deletion of an addition in purchases, the Tribunal held that suspicion alone is insufficient to justify an addition to total income. As the assessee provided primary documents and evidence of payments, the onus shifted to the Revenue to disprove the genuineness of the purchases. The Tribunal emphasized the need for the AO to conduct a thorough investigation and summon suspicious parties. In the second appeal concerning the cancellation of a penalty under section 271(1)(c), the Tribunal confirmed the cancellation based on the deletion of the quantum addition. en-us Fri, 19 Nov 2010 00:00:00 +0530 Tue, 23 Aug 2016 11:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185662 The Tribunal dismissed both appeals filed by the Revenue for the Asst. Year 2003-04. In the first appeal regarding the deletion of an addition in purchases, the Tribunal held that suspicion alone is insufficient to justify an addition to total income. As the assessee provided primary documents and evidence of payments, the onus shifted to the Revenue to disprove the genuineness of the purchases. The Tribunal emphasized the need for the AO to conduct a thorough investigation and summon suspicious parties. In the second appeal concerning the cancellation of a penalty under section 271(1)(c), the Tribunal confirmed the cancellation based on the deletion of the quantum addition. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185662