https://www.taxtmi.com/caselaws?id=339883 The ITAT upheld the Ld. CIT-A's decision, ruling that the AO's addition under Section 69 of the Income Tax Act was unjustified due to lack of cross-examination opportunity and Revenue's acceptance of sales. The ITAT applied stare decisis, dismissing Revenue's appeal and allowing the assessee's appeal. The addition of alleged bogus purchases was reduced to 10%, resulting in a partial relief of Rs. 32,40,584/- to the assessee. en-us Tue, 07 Mar 2017 00:00:00 +0530 Thu, 09 Mar 2017 08:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339883 The ITAT upheld the Ld. CIT-A's decision, ruling that the AO's addition under Section 69 of the Income Tax Act was unjustified due to lack of cross-examination opportunity and Revenue's acceptance of sales. The ITAT applied stare decisis, dismissing Revenue's appeal and allowing the assessee's appeal. The addition of alleged bogus purchases was reduced to 10%, resulting in a partial relief of Rs. 32,40,584/- to the assessee. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339883