https://www.taxtmi.com/caselaws?id=342894 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision for the assessment year 2011-12. The Tribunal supported the deletion of additions for bogus purchases, trading loss, and interest paid to alleged Hawala operators, citing lack of evidence and improper reliance on an affidavit. The Tribunal emphasized that the facts considered for the previous assessment year were similar, leading to the affirmation of the CIT(A)'s order for the current year. en-us Thu, 11 May 2017 00:00:00 +0530 Mon, 15 May 2017 05:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342894 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision for the assessment year 2011-12. The Tribunal supported the deletion of additions for bogus purchases, trading loss, and interest paid to alleged Hawala operators, citing lack of evidence and improper reliance on an affidavit. The Tribunal emphasized that the facts considered for the previous assessment year were similar, leading to the affirmation of the CIT(A)'s order for the current year. Case-Laws Income Tax Thu, 11 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342894