https://www.taxtmi.com/caselaws?id=190813 The Tribunal allowed the appeal, deleting the addition of Rs. 37,59,256/- as alleged bogus purchases. The grounds related to interest under section 234 and penalty under section 271(1)(c) were dismissed as either academic or premature. The Tribunal emphasized the necessity of independent verification by the Assessing Officer and ruled that the addition lacked sufficient evidence. The judgment was delivered on October 14, 2016. en-us Fri, 14 Oct 2016 00:00:00 +0530 Tue, 01 Nov 2022 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190813 The Tribunal allowed the appeal, deleting the addition of Rs. 37,59,256/- as alleged bogus purchases. The grounds related to interest under section 234 and penalty under section 271(1)(c) were dismissed as either academic or premature. The Tribunal emphasized the necessity of independent verification by the Assessing Officer and ruled that the addition lacked sufficient evidence. The judgment was delivered on October 14, 2016. Case-Laws Income Tax Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190813